Arax Advisory Partners Makes New Investment in First Trust NASDAQ BuyWrite Income ETF $FTQI

Arax Advisory Partners bought a new position in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 65,200 shares of the company’s stock, valued at approximately $1,357,000.

A number of other large investors have also added to or reduced their stakes in FTQI. NewEdge Advisors LLC raised its holdings in First Trust NASDAQ BuyWrite Income ETF by 37.6% in the first quarter. NewEdge Advisors LLC now owns 45,146 shares of the company’s stock worth $851,000 after purchasing an additional 12,332 shares in the last quarter. First Trust Advisors LP acquired a new position in First Trust NASDAQ BuyWrite Income ETF during the 2nd quarter valued at about $314,000. Ausdal Financial Partners Inc. acquired a new position in First Trust NASDAQ BuyWrite Income ETF during the 2nd quarter valued at about $209,000. Bank of America Corp DE acquired a new position in First Trust NASDAQ BuyWrite Income ETF during the 2nd quarter valued at about $178,000. Finally, IHT Wealth Management LLC increased its position in First Trust NASDAQ BuyWrite Income ETF by 2.1% during the 2nd quarter. IHT Wealth Management LLC now owns 61,866 shares of the company’s stock valued at $1,210,000 after buying an additional 1,295 shares in the last quarter.

First Trust NASDAQ BuyWrite Income ETF Price Performance

Shares of NASDAQ:FTQI opened at $22.08 on Tuesday. The business’s 50-day moving average is $21.38 and its 200 day moving average is $20.90. First Trust NASDAQ BuyWrite Income ETF has a 1 year low of $19.19 and a 1 year high of $22.23. The firm has a market capitalization of $836.83 million, a P/E ratio of 32.31 and a beta of 0.63.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 21st were given a dividend of $0.199 per share. The ex-dividend date of this dividend was Thursday, May 21st.

First Trust NASDAQ BuyWrite Income ETF 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.