First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Reaches New 1-Year High – Should You Buy?

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) reached a new 52-week high on Thursday . The stock traded as high as $22.24 and last traded at $22.19, with a volume of 85536 shares changing hands. The stock had previously closed at $22.07.

First Trust NASDAQ BuyWrite Income ETF Trading Up 0.9%

The business has a 50-day moving average of $21.76 and a two-hundred day moving average of $21.04. The firm has a market cap of $936.03 million, a P/E ratio of 32.31 and a beta of 0.63.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.199 per share. The ex-dividend date was Thursday, June 25th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Tactive Advisors LLC boosted its position in First Trust NASDAQ BuyWrite Income ETF by 3.8% during the 2nd quarter. Tactive Advisors LLC now owns 26,055 shares of the company’s stock worth $576,000 after buying an additional 961 shares during the period. TrueWealth Advisors LLC bought a new position in shares of First Trust NASDAQ BuyWrite Income ETF during the second quarter valued at $267,000. Western Wealth Management LLC raised its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 5.7% during the first quarter. Western Wealth Management LLC now owns 14,183 shares of the company’s stock valued at $283,000 after acquiring an additional 771 shares during the last quarter. NewEdge Advisors LLC raised its position in First Trust NASDAQ BuyWrite Income ETF by 10.2% during the 1st quarter. NewEdge Advisors LLC now owns 58,172 shares of the company’s stock worth $1,159,000 after purchasing an additional 5,368 shares during the last quarter. Finally, Royal Bank of Canada raised its position in First Trust NASDAQ BuyWrite Income ETF by 63.0% during the 1st quarter. Royal Bank of Canada now owns 52,214 shares of the company’s stock worth $1,040,000 after purchasing an additional 20,190 shares during the last quarter.

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.