First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Sets New 12-Month High – Time to Buy?

Shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) hit a new 52-week high during trading on Wednesday . The company traded as high as $22.36 and last traded at $22.29, with a volume of 253931 shares changing hands. The stock had previously closed at $22.19.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

The stock’s 50-day moving average price is $21.85 and its two-hundred day moving average price is $21.08. The stock has a market capitalization of $937.29 million, a PE ratio of 32.31 and a beta of 0.63.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a dividend of $0.199 per share. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Investors Weigh In On First Trust NASDAQ BuyWrite Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Spartan Wealth Advisory Services LLC purchased a new position in First Trust NASDAQ BuyWrite Income ETF in the first quarter worth about $10,234,000. Wells Fargo & Company MN boosted its stake in First Trust NASDAQ BuyWrite Income ETF by 26.2% during the 4th quarter. Wells Fargo & Company MN now owns 2,011,400 shares of the company’s stock valued at $41,877,000 after purchasing an additional 417,518 shares during the last quarter. LPL Financial LLC increased its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 10.7% in the 4th quarter. LPL Financial LLC now owns 3,185,721 shares of the company’s stock worth $66,327,000 after purchasing an additional 307,710 shares in the last quarter. Sun Financial Inc purchased a new position in shares of First Trust NASDAQ BuyWrite Income ETF in the fourth quarter worth $5,052,000. Finally, Janney Montgomery Scott LLC raised its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 97.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 143,722 shares of the company’s stock worth $2,992,000 after purchasing an additional 70,792 shares during the last quarter.

About First Trust NASDAQ BuyWrite Income ETF

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.