First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Sees Large Volume Increase – Time to Buy?

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) shares saw an uptick in trading volume on Thursday . 748,294 shares were traded during trading, an increase of 167% from the previous session’s volume of 279,869 shares.The stock last traded at $21.02 and had previously closed at $21.06.

First Trust NASDAQ BuyWrite Income ETF Price Performance

The company has a market cap of $820.19 million, a PE ratio of 32.31 and a beta of 0.61. The stock has a 50 day simple moving average of $20.43 and a two-hundred day simple moving average of $20.69.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 21st will be paid a dividend of $0.199 per share. The ex-dividend date is Tuesday, April 21st.

Institutional Investors Weigh In On First Trust NASDAQ BuyWrite Income ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN increased its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 26.2% in the fourth 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 period. LPL Financial LLC raised its position in First Trust NASDAQ BuyWrite Income ETF by 10.7% during the 4th quarter. LPL Financial LLC now owns 3,185,721 shares of the company’s stock worth $66,327,000 after buying an additional 307,710 shares during the last quarter. Sun Financial Inc acquired a new stake in shares of First Trust NASDAQ BuyWrite Income ETF in the 4th quarter worth $5,052,000. Janney Montgomery Scott LLC boosted its holdings 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 valued at $2,992,000 after acquiring an additional 70,792 shares in the last quarter. Finally, Arax Advisory Partners acquired a new position in shares of First Trust NASDAQ BuyWrite Income ETF during the fourth quarter worth about $1,357,000.

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.