First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Sets New 52-Week High – Still a Buy?

Shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) reached a new 52-week high during trading on Thursday . The company traded as high as $22.24 and last traded at $22.19, with a volume of 85536 shares. The stock had previously closed at $22.07.

First Trust NASDAQ BuyWrite Income ETF Price Performance

The firm’s 50-day simple moving average is $21.81 and its two-hundred day simple moving average is $21.06. The company has a market capitalization of $939.40 million, a price-to-earnings ratio of 32.31 and a beta of 0.63.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.199 per share. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Investors Weigh In On First Trust NASDAQ BuyWrite Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Sigma Planning Corp increased its stake 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 valued at $1,167,000 after purchasing an additional 494 shares in the last quarter. RiverTree Advisors LLC grew its holdings in First Trust NASDAQ BuyWrite Income ETF by 0.5% in the fourth quarter. RiverTree Advisors LLC now owns 133,992 shares of the company’s stock valued at $2,790,000 after purchasing an additional 696 shares during the last quarter. Tactive Advisors LLC grew its holdings in First Trust NASDAQ BuyWrite Income ETF by 2.9% in the first quarter. Tactive Advisors LLC now owns 25,094 shares of the company’s stock valued at $500,000 after purchasing an additional 696 shares during the last quarter. Novem Group raised its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 5.5% during the 4th quarter. Novem Group now owns 13,915 shares of the company’s stock worth $290,000 after buying an additional 729 shares during the last quarter. Finally, Western Wealth Management LLC raised its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 5.7% during the 1st quarter. Western Wealth Management LLC now owns 14,183 shares of the company’s stock worth $283,000 after buying an additional 771 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.