Ameritas Advisory Services LLC Reduces Stock Position in First Trust NASDAQ BuyWrite Income ETF $FTQI

Ameritas Advisory Services LLC lessened its stake in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) by 34.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 178,755 shares of the company’s stock after selling 93,965 shares during the period. Ameritas Advisory Services LLC owned approximately 0.50% of First Trust NASDAQ BuyWrite Income ETF worth $3,682,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. purchased a new position in shares of First Trust NASDAQ BuyWrite Income ETF in the 2nd quarter worth $49,000. IMG Wealth Management Inc. lifted its holdings in First Trust NASDAQ BuyWrite Income ETF by 16.8% in the second quarter. IMG Wealth Management Inc. now owns 8,517 shares of the company’s stock valued at $167,000 after acquiring an additional 1,222 shares during the period. Bank of America Corp DE purchased a new position in First Trust NASDAQ BuyWrite Income ETF in the second quarter worth about $178,000. NWF Advisory Services Inc. bought a new stake in shares of First Trust NASDAQ BuyWrite Income ETF during the 3rd quarter valued at about $204,000. Finally, Ausdal Financial Partners Inc. bought a new stake in shares of First Trust NASDAQ BuyWrite Income ETF during the 2nd quarter valued at about $209,000.

First Trust NASDAQ BuyWrite Income ETF Stock Down 1.9%

Shares of NASDAQ:FTQI opened at $20.44 on Friday. The stock has a market capitalization of $768.54 million, a PE ratio of 32.31 and a beta of 0.59. The firm’s 50 day moving average price is $20.87 and its 200-day moving average price is $20.63. First Trust NASDAQ BuyWrite Income ETF has a twelve month low of $16.25 and a twelve month high of $21.36.

First Trust NASDAQ BuyWrite Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were given a $0.207 dividend. The ex-dividend date was Wednesday, January 21st. This is a boost from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.21. This represents a c) annualized dividend and a yield of 12.2%.

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.