First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Sees Strong Trading Volume – Time to Buy?

Shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) saw unusually-high trading volume on Friday . Approximately 401,394 shares were traded during trading, an increase of 155% from the previous session’s volume of 157,567 shares.The stock last traded at $21.24 and had previously closed at $21.25.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

The firm has a market capitalization of $564.85 million, a price-to-earnings ratio of 29.15 and a beta of 0.52. The business’s 50 day moving average is $21.06 and its 200-day moving average is $20.57.

First Trust NASDAQ BuyWrite Income ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be issued a dividend of $0.207 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This is a positive change from First Trust NASDAQ BuyWrite Income ETF’s previous dividend of $0.20.

Institutional Investors Weigh In On First Trust NASDAQ BuyWrite Income ETF

A number of institutional investors have recently added to or reduced their stakes in FTQI. Integrated Wealth Concepts LLC boosted its stake in First Trust NASDAQ BuyWrite Income ETF by 8.9% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 647,285 shares of the company’s stock valued at $13,256,000 after buying an additional 52,767 shares in the last quarter. Fifth Third Securities Inc. boosted its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 113.7% in the 4th quarter. Fifth Third Securities Inc. now owns 442,506 shares of the company’s stock valued at $9,213,000 after purchasing an additional 235,437 shares in the last quarter. Ameritas Advisory Services LLC grew its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 14.1% in the 4th quarter. Ameritas Advisory Services LLC now owns 290,074 shares of the company’s stock worth $6,039,000 after purchasing an additional 35,755 shares during the last quarter. Cetera Investment Advisers increased its position in shares of First Trust NASDAQ BuyWrite Income ETF by 21.1% during the 2nd quarter. Cetera Investment Advisers now owns 119,880 shares of the company’s stock worth $2,448,000 after purchasing an additional 20,924 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in First Trust NASDAQ BuyWrite Income ETF by 52.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 96,299 shares of the company’s stock valued at $1,966,000 after purchasing an additional 33,328 shares during the last quarter.

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.