First Trust NASDAQ BuyWrite Income ETF (FTQI) to Distribute Monthly Dividend of $0.22 on September 30th

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) declared a monthly dividend on Wednesday, September 23rd. Stockholders of record on Thursday, September 24th will be paid a dividend of $0.2220 per share on Wednesday, September 30th. This represents a $2.66 annualized dividend and a dividend yield of 12.0%. The ex-dividend date of this dividend is Thursday, September 24th.

First Trust NASDAQ BuyWrite Income ETF Stock Down 0.8%

FTQI opened at $22.27 on Friday. The stock has a market cap of $975.43 million, a P/E ratio of 32.31 and a beta of 0.63. First Trust NASDAQ BuyWrite Income ETF has a 12 month low of $19.23 and a 12 month high of $22.55. The company has a fifty day simple moving average of $22.05 and a 200 day simple moving average of $21.56.

Institutional Investors Weigh In On First Trust NASDAQ BuyWrite Income ETF

Several large investors have recently modified their holdings of FTQI. Kestra Advisory Services LLC lifted its position in First Trust NASDAQ BuyWrite Income ETF by 141.0% in the 1st quarter. Kestra Advisory Services LLC now owns 68,795 shares of the company’s stock valued at $1,370,000 after acquiring an additional 40,254 shares in the last quarter. World Investment Advisors increased its holdings in First Trust NASDAQ BuyWrite Income ETF by 104.9% during the 4th quarter. World Investment Advisors now owns 46,906 shares of the company’s stock worth $977,000 after purchasing an additional 24,013 shares in the last quarter. RFG Advisory LLC increased its holdings in First Trust NASDAQ BuyWrite Income ETF by 62.5% during the 1st quarter. RFG Advisory LLC now owns 121,423 shares of the company’s stock worth $2,419,000 after purchasing an additional 46,696 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 38.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 199,613 shares of the company’s stock valued at $3,976,000 after purchasing an additional 55,891 shares during the period. Finally, Spartan Wealth Advisory Services LLC acquired a new stake in shares of First Trust NASDAQ BuyWrite Income ETF in the 1st quarter valued at about $10,234,000.

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.