First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Hits New 52-Week High – What’s Next?

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI – Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $21.58 and last traded at $21.56, with a volume of 288717 shares. The stock had previously closed at $21.55.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

The firm has a market capitalization of $823.57 million, a price-to-earnings ratio of 32.31 and a beta of 0.63. The business has a 50 day simple moving average of $20.68 and a 200-day simple moving average of $20.75.

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First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, April 21st were given a dividend of $0.199 per share. The ex-dividend date of this dividend was Tuesday, April 21st.

Institutional Trading of First Trust NASDAQ BuyWrite Income ETF

Several institutional investors have recently made changes to their positions in the company. Ankerstar Wealth LLC acquired a new position in First Trust NASDAQ BuyWrite Income ETF in the fourth quarter valued at about $33,000. Sound Income Strategies LLC increased its holdings in First Trust NASDAQ BuyWrite Income ETF by 971.5% during the 4th quarter. Sound Income Strategies LLC now owns 2,143 shares of the company’s stock worth $45,000 after purchasing an additional 1,943 shares during the period. Fifth Third Bancorp purchased a new stake in First Trust NASDAQ BuyWrite Income ETF during the 1st quarter worth about $134,000. Advisory Services Network LLC purchased a new stake in First Trust NASDAQ BuyWrite Income ETF during the 3rd quarter worth about $143,000. Finally, Sunbelt Securities Inc. increased its holdings in First Trust NASDAQ BuyWrite Income ETF by 275.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 7,512 shares of the company’s stock worth $155,000 after purchasing an additional 5,512 shares during the period.

About First Trust NASDAQ BuyWrite Income ETF

(Get Free Report)

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.

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