First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Hits New 52-Week High – Here’s Why

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $22.38 and last traded at $22.38, with a volume of 96558 shares trading hands. The stock had previously closed at $22.34.

First Trust NASDAQ BuyWrite Income ETF Price Performance

The company has a market capitalization of $937.02 million, a price-to-earnings ratio of 32.31 and a beta of 0.63. The stock has a 50 day simple moving average of $21.97 and a two-hundred day simple moving average of $21.24.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st were issued a $0.222 dividend. The ex-dividend date was Tuesday, July 21st. This represents a c) dividend on an annualized basis and a dividend yield of 11.9%.

Institutional Investors Weigh In On First Trust NASDAQ BuyWrite Income ETF

Institutional investors have recently added to or reduced their stakes in the business. Ankerstar Wealth LLC purchased a new position in First Trust NASDAQ BuyWrite Income ETF in the fourth quarter valued at approximately $33,000. Fifth Third Bancorp purchased a new stake in shares of First Trust NASDAQ BuyWrite Income ETF during the 1st quarter worth approximately $134,000. Advisory Services Network LLC purchased a new stake in shares of First Trust NASDAQ BuyWrite Income ETF during the 3rd quarter worth approximately $143,000. Sunbelt Securities Inc. boosted its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 275.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 7,512 shares of the company’s stock valued at $155,000 after buying an additional 5,512 shares in the last quarter. Finally, Bank of America Corp DE acquired a new position in shares of First Trust NASDAQ BuyWrite Income ETF in the 2nd quarter valued at $178,000.

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.