Independent Financial Group LLC Takes $507,000 Position in First Trust NASDAQ BuyWrite Income ETF $FTQI

Independent Financial Group LLC bought a new position in shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 25,452 shares of the company’s stock, valued at approximately $507,000. Independent Financial Group LLC owned approximately 0.07% of First Trust NASDAQ BuyWrite Income ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FTQI. Geneos Wealth Management Inc. raised its position in shares of First Trust NASDAQ BuyWrite Income ETF by 271.7% during the first quarter. Geneos Wealth Management Inc. now owns 32,327 shares of the company’s stock worth $644,000 after purchasing an additional 23,629 shares during the period. Sigma Planning Corp grew its position in shares of First Trust NASDAQ BuyWrite Income ETF by 0.9% in the 1st quarter. Sigma Planning Corp now owns 58,591 shares of the company’s stock valued at $1,167,000 after purchasing an additional 494 shares during the period. International Assets Investment Management LLC grew its position in shares of First Trust NASDAQ BuyWrite Income ETF by 10.8% in the 1st quarter. International Assets Investment Management LLC now owns 119,448 shares of the company’s stock valued at $2,403,000 after purchasing an additional 11,648 shares during the period. Fifth Third Bancorp bought a new stake in First Trust NASDAQ BuyWrite Income ETF during the 1st quarter worth approximately $134,000. Finally, Elevated Capital Advisors LLC increased its stake in First Trust NASDAQ BuyWrite Income ETF by 3.0% during the 1st quarter. Elevated Capital Advisors LLC now owns 43,669 shares of the company’s stock worth $870,000 after purchasing an additional 1,255 shares in the last quarter.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

Shares of FTQI stock opened at $21.80 on Friday. First Trust NASDAQ BuyWrite Income ETF has a 52 week low of $19.23 and a 52 week high of $22.37. The company’s 50 day moving average price is $21.92 and its two-hundred day moving average price is $21.14. The company has a market capitalization of $922.14 million, a P/E ratio of 32.31 and a beta of 0.63.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be issued a $0.222 dividend. This represents a c) annualized dividend and a dividend yield of 12.2%. The ex-dividend date is Tuesday, July 21st.

First Trust NASDAQ BuyWrite Income ETF 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.