IMG Wealth Management Inc. Makes New $103,000 Investment in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI)

IMG Wealth Management Inc. purchased a new position in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) in the fourth quarter, Holdings Channel.com reports. The firm purchased 4,958 shares of the company’s stock, valued at approximately $103,000.

A number of other large investors have also recently made changes to their positions in the stock. Atria Wealth Solutions Inc. grew its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 7.9% in the fourth quarter. Atria Wealth Solutions Inc. now owns 14,999 shares of the company’s stock worth $312,000 after acquiring an additional 1,098 shares during the period. Global Retirement Partners LLC bought a new stake in shares of First Trust NASDAQ BuyWrite Income ETF in the fourth quarter worth approximately $32,000. MML Investors Services LLC grew its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 4.6% in the third quarter. MML Investors Services LLC now owns 43,080 shares of the company’s stock worth $882,000 after acquiring an additional 1,883 shares during the period. Kestra Investment Management LLC bought a new stake in First Trust NASDAQ BuyWrite Income ETF during the fourth quarter valued at approximately $42,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in First Trust NASDAQ BuyWrite Income ETF during the fourth quarter valued at approximately $50,000.

First Trust NASDAQ BuyWrite Income ETF Trading Up 2.4 %

Shares of NASDAQ FTQI opened at $19.16 on Monday. The firm has a 50 day moving average of $20.65 and a 200 day moving average of $20.69. The firm has a market capitalization of $512.53 million, a price-to-earnings ratio of 29.52 and a beta of 0.52. First Trust NASDAQ BuyWrite Income ETF has a 12-month low of $18.23 and a 12-month high of $21.49.

First Trust NASDAQ BuyWrite Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a dividend of $0.207 per share. This represents a $2.48 annualized dividend and a yield of 12.96%. This is a positive change from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.20. The ex-dividend date was Friday, February 21st.

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.