First Trust NASDAQ BuyWrite Income ETF (FTQI) to Distribute Monthly Dividend of $0.22 on August 31st

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

First Trust NASDAQ BuyWrite Income ETF Trading Down 0.4%

Shares of FTQI stock opened at $21.93 on Friday. The stock has a market cap of $917.77 million, a P/E ratio of 32.31 and a beta of 0.63. First Trust NASDAQ BuyWrite Income ETF has a 1 year low of $19.23 and a 1 year high of $22.46. The stock has a 50 day simple moving average of $22.03 and a 200 day simple moving average of $21.29.

Institutional Trading of First Trust NASDAQ BuyWrite Income ETF

A number of institutional investors have recently modified their holdings of the stock. Sigma Planning Corp grew its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 0.9% during the 1st quarter. Sigma Planning Corp now owns 58,591 shares of the company’s stock worth $1,167,000 after purchasing an additional 494 shares in the last quarter. Tactive Advisors LLC raised its stake 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 in the last quarter. Western Wealth Management LLC raised its stake in First Trust NASDAQ BuyWrite Income ETF by 5.7% in the first quarter. Western Wealth Management LLC now owns 14,183 shares of the company’s stock valued at $283,000 after purchasing an additional 771 shares in the last quarter. D.A. Davidson & CO. lifted its position in First Trust NASDAQ BuyWrite Income ETF by 1.0% during the fourth quarter. D.A. Davidson & CO. now owns 81,938 shares of the company’s stock worth $1,706,000 after purchasing an additional 832 shares during the period. Finally, World Investment Advisors lifted its position in First Trust NASDAQ BuyWrite Income ETF by 1.8% during the first quarter. World Investment Advisors now owns 47,755 shares of the company’s stock worth $951,000 after purchasing an additional 849 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.