38,614 Shares in First Trust NASDAQ BuyWrite Income ETF $FTQI Purchased by Wedbush Securities Inc.

Wedbush Securities Inc. bought a new stake in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 38,614 shares of the company’s stock, valued at approximately $856,000. Wedbush Securities Inc. owned approximately 0.08% of First Trust NASDAQ BuyWrite Income ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FTQI. Integrated Wealth Concepts LLC increased its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 5.2% in the second quarter. Integrated Wealth Concepts LLC now owns 683,933 shares of the company’s stock worth $15,108,000 after buying an additional 33,575 shares during the last quarter. Fifth Third Securities Inc. lifted its holdings in First Trust NASDAQ BuyWrite Income ETF by 13.1% during the 3rd quarter. Fifth Third Securities Inc. now owns 633,197 shares of the company’s stock worth $14,032,000 after buying an additional 73,297 shares during the last quarter. Spartan Wealth Advisory Services LLC acquired a new position in shares of First Trust NASDAQ BuyWrite Income ETF in the 1st quarter worth approximately $10,234,000. Cetera Investment Advisers grew its position in shares of First Trust NASDAQ BuyWrite Income ETF by 16.7% in the 1st quarter. Cetera Investment Advisers now owns 364,351 shares of the company’s stock worth $7,258,000 after acquiring an additional 52,045 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of First Trust NASDAQ BuyWrite Income ETF by 37.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 234,852 shares of the company’s stock worth $5,188,000 after acquiring an additional 64,213 shares in the last quarter.

First Trust NASDAQ BuyWrite Income ETF Trading Up 0.9%

Shares of NASDAQ FTQI opened at $21.92 on Tuesday. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 32.31 and a beta of 0.65. First Trust NASDAQ BuyWrite Income ETF has a twelve month low of $19.23 and a twelve month high of $22.55. The business has a 50 day simple moving average of $22.15 and a 200-day simple moving average of $21.45.

First Trust NASDAQ BuyWrite Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 21st will be issued a $0.2210 dividend. This is a drop from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.2220. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $2.65 annualized dividend and a dividend yield of 12.1%.

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.