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

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

First Trust NASDAQ BuyWrite Income ETF Stock Up 0.7%

The stock has a market cap of $836.83 million, a PE ratio of 32.31 and a beta of 0.63. The firm has a fifty day moving average of $21.34 and a 200 day moving average of $20.89.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were issued a $0.199 dividend. The ex-dividend date was Thursday, May 21st.

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 acquired a new stake in First Trust NASDAQ BuyWrite Income ETF during the fourth quarter worth approximately $33,000. Sound Income Strategies LLC increased its position in shares of First Trust NASDAQ BuyWrite Income ETF by 971.5% during 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 in the last quarter. Fifth Third Bancorp purchased a new stake in shares of First Trust NASDAQ BuyWrite Income ETF in the 1st quarter valued at about $134,000. Advisory Services Network LLC purchased a new position in First Trust NASDAQ BuyWrite Income ETF during the 3rd quarter worth approximately $143,000. Finally, Sunbelt Securities Inc. increased its position in First Trust NASDAQ BuyWrite Income ETF by 275.6% during the third quarter. Sunbelt Securities Inc. now owns 7,512 shares of the company’s stock worth $155,000 after buying an additional 5,512 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.