First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Plans $0.21 Monthly Dividend

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) announced a monthly dividend on Wednesday, March 25th, NASDAQ Dividends reports. Stockholders of record on Thursday, March 26th will be paid a dividend of 0.207 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 12.6%. The ex-dividend date of this dividend is Thursday, March 26th.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

Shares of NASDAQ:FTQI traded down $0.60 during midday trading on Thursday, hitting $19.77. 159,147 shares of the stock were exchanged, compared to its average volume of 267,294. The business’s 50-day moving average price is $20.57 and its 200 day moving average price is $20.69. First Trust NASDAQ BuyWrite Income ETF has a 12 month low of $16.25 and a 12 month high of $21.15. The stock has a market capitalization of $743.35 million, a price-to-earnings ratio of 32.31 and a beta of 0.59.

Hedge Funds Weigh In On First Trust NASDAQ BuyWrite Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ankerstar Wealth LLC bought a new position in shares of First Trust NASDAQ BuyWrite Income ETF during the fourth quarter valued at $33,000. Sound Income Strategies LLC grew its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 971.5% in the fourth quarter. Sound Income Strategies LLC now owns 2,143 shares of the company’s stock worth $45,000 after purchasing an additional 1,943 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of First Trust NASDAQ BuyWrite Income ETF in the third quarter worth $143,000. Sunbelt Securities Inc. increased its holdings in First Trust NASDAQ BuyWrite Income ETF by 275.6% in the third quarter. Sunbelt Securities Inc. now owns 7,512 shares of the company’s stock valued at $155,000 after purchasing an additional 5,512 shares during the period. Finally, Geneos Wealth Management Inc. bought a new position in First Trust NASDAQ BuyWrite Income ETF during the 4th quarter worth $181,000.

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.