Kestra Investment Management LLC Acquires New Holdings in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI)

Kestra Investment Management LLC acquired a new stake in shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,002 shares of the company’s stock, valued at approximately $42,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FTQI. Wealth Enhancement Advisory Services LLC lifted its position in First Trust NASDAQ BuyWrite Income ETF by 20.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 35,600 shares of the company’s stock valued at $729,000 after purchasing an additional 6,000 shares during the period. Sterling Manor Financial LLC increased its holdings in First Trust NASDAQ BuyWrite Income ETF by 21.0% during the third quarter. Sterling Manor Financial LLC now owns 14,861 shares of the company’s stock valued at $304,000 after buying an additional 2,583 shares during the last quarter. Ameritas Advisory Services LLC increased its holdings in First Trust NASDAQ BuyWrite Income ETF by 16.6% during the third quarter. Ameritas Advisory Services LLC now owns 254,319 shares of the company’s stock valued at $5,208,000 after buying an additional 36,261 shares during the last quarter. Atria Investments Inc purchased a new stake in First Trust NASDAQ BuyWrite Income ETF during the third quarter valued at approximately $233,000. Finally, Avior Wealth Management LLC increased its holdings in First Trust NASDAQ BuyWrite Income ETF by 32.7% during the third quarter. Avior Wealth Management LLC now owns 17,672 shares of the company’s stock valued at $362,000 after buying an additional 4,354 shares during the last quarter.

First Trust NASDAQ BuyWrite Income ETF Trading Down 2.6 %

Shares of FTQI stock opened at $20.69 on Friday. First Trust NASDAQ BuyWrite Income ETF has a 12 month low of $18.23 and a 12 month high of $21.49. The stock has a market cap of $553.46 million, a P/E ratio of 29.15 and a beta of 0.52. The company has a 50 day simple moving average of $21.07 and a two-hundred day simple moving average of $20.69.

First Trust NASDAQ BuyWrite Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.207 per share. This is a boost from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.20. This represents a $2.48 dividend on an annualized basis and a yield of 12.01%. The ex-dividend date is Friday, February 21st.

First Trust NASDAQ BuyWrite Income ETF 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.