IMG Wealth Management Inc. Increases Stock Holdings in First Trust NASDAQ BuyWrite Income ETF $FTQI

IMG Wealth Management Inc. increased its holdings in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) by 16.8% in the second quarter, HoldingsChannel.com reports. The fund owned 8,517 shares of the company’s stock after acquiring an additional 1,222 shares during the period. IMG Wealth Management Inc.’s holdings in First Trust NASDAQ BuyWrite Income ETF were worth $167,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC lifted its stake in First Trust NASDAQ BuyWrite Income ETF by 15.3% in the first quarter. Kestra Private Wealth Services LLC now owns 45,675 shares of the company’s stock worth $861,000 after acquiring an additional 6,053 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in First Trust NASDAQ BuyWrite Income ETF by 17.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 113,770 shares of the company’s stock worth $2,145,000 after acquiring an additional 16,808 shares during the period. PFG Investments LLC lifted its stake in First Trust NASDAQ BuyWrite Income ETF by 47.4% in the second quarter. PFG Investments LLC now owns 18,335 shares of the company’s stock worth $359,000 after acquiring an additional 5,892 shares during the period. Sigma Planning Corp purchased a new stake in First Trust NASDAQ BuyWrite Income ETF in the first quarter worth $223,000. Finally, Novem Group purchased a new stake in First Trust NASDAQ BuyWrite Income ETF in the second quarter worth $260,000.

First Trust NASDAQ BuyWrite Income ETF Stock Up 0.8%

Shares of FTQI stock opened at $21.00 on Tuesday. The stock has a fifty day moving average of $20.44 and a 200 day moving average of $19.58. First Trust NASDAQ BuyWrite Income ETF has a 52 week low of $16.25 and a 52 week high of $21.49. The firm has a market capitalization of $735 million, a price-to-earnings ratio of 32.31 and a beta of 0.52.

First Trust NASDAQ BuyWrite Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be issued a dividend of $0.205 per share. This is a boost from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.20. The ex-dividend date is Tuesday, October 21st. This represents a c) dividend on an annualized basis and a dividend yield of 11.7%.

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.