Channel Wealth LLC Grows Stock Holdings in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI)

Channel Wealth LLC raised its position in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) by 29.4% during the first quarter, Holdings Channel.com reports. The fund owned 22,072 shares of the company’s stock after purchasing an additional 5,011 shares during the quarter. Channel Wealth LLC’s holdings in First Trust NASDAQ BuyWrite Income ETF were worth $416,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of FTQI. Commonwealth Equity Services LLC increased its position in shares of First Trust NASDAQ BuyWrite Income ETF by 123.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 1,070,553 shares of the company’s stock valued at $22,289,000 after acquiring an additional 590,743 shares during the period. LPL Financial LLC increased its position in shares of First Trust NASDAQ BuyWrite Income ETF by 17.6% in the fourth quarter. LPL Financial LLC now owns 1,671,347 shares of the company’s stock valued at $34,797,000 after acquiring an additional 249,678 shares during the period. Anchor Capital Management Group Inc purchased a new position in shares of First Trust NASDAQ BuyWrite Income ETF in the fourth quarter valued at about $1,541,000. Sowell Financial Services LLC increased its position in shares of 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 acquiring an additional 48,143 shares during the period. Finally, Private Trust Co. NA purchased a new position in shares of First Trust NASDAQ BuyWrite Income ETF in the fourth quarter valued at about $743,000.

First Trust NASDAQ BuyWrite Income ETF Price Performance

Shares of NASDAQ FTQI opened at $19.33 on Thursday. First Trust NASDAQ BuyWrite Income ETF has a 1 year low of $16.25 and a 1 year high of $21.49. The company’s 50-day moving average is $18.58 and its 200 day moving average is $19.95. The stock has a market capitalization of $585.70 million, a P/E ratio of 30.26 and a beta of 0.52.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st were issued a $0.188 dividend. The ex-dividend date of this dividend was Wednesday, May 21st.

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.