First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Sets New 12-Month High – Should You Buy?

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $22.23 and last traded at $22.11, with a volume of 35981 shares. The stock had previously closed at $21.93.

First Trust NASDAQ BuyWrite Income ETF Stock Down 0.0%

The stock has a market capitalization of $836.45 million, a price-to-earnings ratio of 32.31 and a beta of 0.63. The business has a 50-day simple moving average of $21.42 and a two-hundred day simple moving average of $20.91.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were given a $0.199 dividend. The ex-dividend date was Thursday, May 21st.

Institutional Investors Weigh In On First Trust NASDAQ BuyWrite Income ETF

Institutional investors have recently added to or reduced their stakes in the company. Trueblood Wealth Management LLC lifted its position in First Trust NASDAQ BuyWrite Income ETF by 194.3% in the fourth quarter. Trueblood Wealth Management LLC now owns 42,652 shares of the company’s stock worth $888,000 after purchasing an additional 28,158 shares during the period. TrueMark Investments LLC acquired a new stake in First Trust NASDAQ BuyWrite Income ETF in the fourth quarter worth approximately $1,188,000. Sigma Planning Corp lifted its position in First Trust NASDAQ BuyWrite Income ETF by 128.2% in the fourth quarter. Sigma Planning Corp now owns 58,097 shares of the company’s stock worth $1,209,000 after purchasing an additional 32,637 shares during the period. Brookstone Capital Management acquired a new stake in First Trust NASDAQ BuyWrite Income ETF in the fourth quarter worth approximately $593,000. Finally, World Investment Advisors lifted its position in First Trust NASDAQ BuyWrite Income ETF by 104.9% in the fourth quarter. World Investment Advisors now owns 46,906 shares of the company’s stock worth $977,000 after purchasing an additional 24,013 shares during the period.

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.