First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Hits New 52-Week High – Time to Buy?

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $21.57 and last traded at $21.49, with a volume of 293313 shares traded. The stock had previously closed at $21.35.

First Trust NASDAQ BuyWrite Income ETF Trading Up 0.1%

The firm has a 50-day moving average price of $20.56 and a 200-day moving average price of $20.72. The company has a market capitalization of $814.85 million, a price-to-earnings ratio of 32.31 and a beta of 0.63.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, April 21st were paid a dividend of $0.199 per share. The ex-dividend date of this dividend was Tuesday, April 21st.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FTQI. LPL Financial LLC boosted its holdings in First Trust NASDAQ BuyWrite Income ETF by 10.7% during the fourth quarter. LPL Financial LLC now owns 3,185,721 shares of the company’s stock valued at $66,327,000 after purchasing an additional 307,710 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 26.2% during the fourth quarter. Wells Fargo & Company MN now owns 2,011,400 shares of the company’s stock valued at $41,877,000 after purchasing an additional 417,518 shares during the last quarter. Commonwealth Equity Services LLC raised its position 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 worth $23,679,000 after purchasing an additional 34,266 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in First Trust NASDAQ BuyWrite Income ETF by 6.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 679,915 shares of the company’s stock worth $14,006,000 after buying an additional 40,745 shares in the last quarter. Finally, Spartan Wealth Advisory Services LLC bought a new position in First Trust NASDAQ BuyWrite Income ETF in the 1st quarter valued at $10,234,000.

First Trust NASDAQ BuyWrite Income ETF Company 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.