First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Stock to Pay Monthly Dividend of $0.22

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) declared a monthly dividend on Tuesday, October 20th. Stockholders of record on Wednesday, October 21st will be given a dividend of $0.2210 per share on Friday, October 30th. This represents a $2.65 dividend on an annualized basis and a dividend yield of 12.0%. The ex-dividend date is Wednesday, October 21st. This is a 0.5% decrease from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.2220.

First Trust NASDAQ BuyWrite Income ETF Price Performance

Shares of FTQI stock traded down $0.07 during trading hours on Wednesday, reaching $22.08. The company had a trading volume of 470,933 shares, compared to its average volume of 333,052. The business has a fifty day simple moving average of $22.17 and a 200-day simple moving average of $21.83. First Trust NASDAQ BuyWrite Income ETF has a 12 month low of $19.23 and a 12 month high of $22.55. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 32.31 and a beta of 0.65.

Institutional Trading of First Trust NASDAQ BuyWrite Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in First Trust NASDAQ BuyWrite Income ETF in the 3rd quarter worth about $33,000. Fifth Third Bancorp purchased a new stake in First Trust NASDAQ BuyWrite Income ETF in the 1st quarter valued at about $134,000. WealthBridge Capital Management LLC purchased a new stake in First Trust NASDAQ BuyWrite Income ETF in the 3rd quarter valued at about $204,000. IMG Wealth Management Inc. lifted its position in shares of First Trust NASDAQ BuyWrite Income ETF by 16.2% during the 1st quarter. IMG Wealth Management Inc. now owns 10,806 shares of the company’s stock worth $215,000 after buying an additional 1,507 shares in the last quarter. Finally, TrueWealth Advisors LLC bought a new position in shares of First Trust NASDAQ BuyWrite Income ETF during the 2nd quarter worth approximately $267,000.

First Trust NASDAQ BuyWrite Income ETF Company Profile

The First Trust Nasdaq BuyWrite Income ETF (FTQI) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed portfolio of US stocks, with an options overlay of short calls on the Nasdaq 100. FTQI was launched on Jan 6, 2014 and is managed by First Trust.