First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Reaches New 12-Month High – Still a Buy?

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $21.20 and last traded at $21.17, with a volume of 51857 shares traded. The stock had previously closed at $21.04.

First Trust NASDAQ BuyWrite Income ETF Price Performance

The business’s fifty day simple moving average is $20.42 and its 200 day simple moving average is $20.68. The stock has a market cap of $825.66 million, a price-to-earnings ratio of 32.31 and a beta of 0.61.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a $0.207 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a c) annualized dividend and a dividend yield of 11.7%.

Institutional Investors Weigh In On First Trust NASDAQ BuyWrite Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Fifth Third Securities Inc. lifted its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 6.6% in the 3rd quarter. Fifth Third Securities Inc. now owns 595,389 shares of the company’s stock worth $12,265,000 after purchasing an additional 36,979 shares during the last quarter. Brookstone Capital Management bought a new position in First Trust NASDAQ BuyWrite Income ETF during the 4th quarter worth $593,000. Trueblood Wealth Management LLC grew its stake in First Trust NASDAQ BuyWrite Income ETF by 194.3% during the 4th quarter. Trueblood Wealth Management LLC now owns 42,652 shares of the company’s stock worth $888,000 after buying an additional 28,158 shares during the last quarter. TrueMark Investments LLC acquired a new stake in First Trust NASDAQ BuyWrite Income ETF in the fourth quarter worth $1,188,000. Finally, PMG Family Office LLC acquired a new stake in First Trust NASDAQ BuyWrite Income ETF in the third quarter worth $551,000.

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.