First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) to Issue Monthly Dividend of $0.22

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) declared a monthly dividend on Monday, July 20th, NASDAQ Dividends reports. Investors of record on Tuesday, July 21st will be given a dividend of 0.222 per share on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 12.1%. The ex-dividend date is Tuesday, July 21st.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

Shares of FTQI stock traded up $0.05 on Tuesday, hitting $22.08. The company’s stock had a trading volume of 233,491 shares, compared to its average volume of 295,098. First Trust NASDAQ BuyWrite Income ETF has a fifty-two week low of $19.23 and a fifty-two week high of $22.37. The company has a market capitalization of $928.46 million, a PE ratio of 32.31 and a beta of 0.63. The stock’s 50 day moving average is $21.90 and its 200-day moving average is $21.11.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. LPL Financial LLC boosted its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 10.7% in the fourth quarter. LPL Financial LLC now owns 3,185,721 shares of the company’s stock valued at $66,327,000 after buying an additional 307,710 shares during the period. Wells Fargo & Company MN increased its stake in First Trust NASDAQ BuyWrite Income ETF by 26.2% during the 4th quarter. Wells Fargo & Company MN now owns 2,011,400 shares of the company’s stock worth $41,877,000 after acquiring an additional 417,518 shares during the period. Commonwealth Equity Services LLC raised its holdings in First Trust NASDAQ BuyWrite Income ETF by 3.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,137,323 shares of the company’s stock valued at $23,679,000 after acquiring an additional 34,266 shares in the last quarter. Spartan Wealth Advisory Services LLC acquired a new position in First Trust NASDAQ BuyWrite Income ETF in the 1st quarter valued at $10,234,000. Finally, Cetera Investment Advisers lifted its position in shares of First Trust NASDAQ BuyWrite Income ETF by 16.7% during the 1st quarter. Cetera Investment Advisers now owns 364,351 shares of the company’s stock valued at $7,258,000 after acquiring an additional 52,045 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.