Harbour Investments Inc. Increases Holdings in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI)

Harbour Investments Inc. increased its stake in shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) by 57.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 83,881 shares of the company’s stock after buying an additional 30,510 shares during the quarter. Harbour Investments Inc. owned about 0.31% of First Trust NASDAQ BuyWrite Income ETF worth $1,746,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC lifted its position in First Trust NASDAQ BuyWrite Income ETF by 123.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,070,553 shares of the company’s stock worth $22,289,000 after buying an additional 590,743 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in First Trust NASDAQ BuyWrite Income ETF by 8.9% in the third quarter. Integrated Wealth Concepts LLC now owns 647,285 shares of the company’s stock valued at $13,256,000 after purchasing an additional 52,767 shares during the period. Fifth Third Securities Inc. raised its position in First Trust NASDAQ BuyWrite Income ETF by 113.7% in the fourth 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 during the period. Ameritas Advisory Services LLC raised its position in First Trust NASDAQ BuyWrite Income ETF by 14.1% in the fourth quarter. Ameritas Advisory Services LLC now owns 290,074 shares of the company’s stock valued at $6,039,000 after purchasing an additional 35,755 shares during the period. Finally, Sowell Financial Services LLC raised its position in First Trust NASDAQ BuyWrite Income ETF by 57.2% in the fourth quarter. Sowell Financial Services LLC now owns 132,367 shares of the company’s stock valued at $2,756,000 after purchasing an additional 48,143 shares during the period.

First Trust NASDAQ BuyWrite Income ETF Stock Up 0.6 %

NASDAQ:FTQI opened at $19.28 on Tuesday. First Trust NASDAQ BuyWrite Income ETF has a 52 week low of $18.23 and a 52 week high of $21.49. The company has a market capitalization of $515.74 million, a P/E ratio of 29.52 and a beta of 0.52. The stock’s fifty day moving average is $20.61 and its two-hundred day moving average is $20.68.

First Trust NASDAQ BuyWrite Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a $0.207 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.48 dividend on an annualized basis and a yield of 12.88%. This is an increase from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.20.

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.