First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Sees Strong Trading Volume – Still a Buy?

Shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) saw an uptick in trading volume on Thursday . Approximately 804,722 shares were traded during mid-day trading, an increase of 168% from the previous session’s volume of 300,469 shares.The stock last traded at $21.93 and had previously closed at $22.03.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

The firm has a market cap of $915.68 million, a PE ratio of 32.31 and a beta of 0.63. The stock has a 50-day simple moving average of $22.04 and a two-hundred day simple moving average of $21.42.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were issued a dividend of $0.222 per share. This represents a c) annualized dividend and a dividend yield of 12.2%. The ex-dividend date of this dividend was Friday, August 21st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sigma Planning Corp grew its position in First Trust NASDAQ BuyWrite Income ETF by 0.9% in the 1st quarter. Sigma Planning Corp now owns 58,591 shares of the company’s stock worth $1,167,000 after purchasing an additional 494 shares during the period. Tactive Advisors LLC boosted its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 2.9% in the 1st quarter. Tactive Advisors LLC now owns 25,094 shares of the company’s stock worth $500,000 after buying an additional 696 shares during the last quarter. Western Wealth Management LLC grew its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 5.7% in the first quarter. Western Wealth Management LLC now owns 14,183 shares of the company’s stock worth $283,000 after acquiring an additional 771 shares during the period. World Investment Advisors increased its position in First Trust NASDAQ BuyWrite Income ETF by 1.8% during the first quarter. World Investment Advisors now owns 47,755 shares of the company’s stock valued at $951,000 after acquiring an additional 849 shares during the last quarter. Finally, NWF Advisory Services Inc. increased its position in First Trust NASDAQ BuyWrite Income ETF by 11.1% during the fourth quarter. NWF Advisory Services Inc. now owns 11,000 shares of the company’s stock valued at $229,000 after acquiring an additional 1,100 shares during the last quarter.

First Trust NASDAQ BuyWrite Income ETF Company Profile

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.