D.A. Davidson & CO. Sells 3,168 Shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI)

D.A. Davidson & CO. trimmed its holdings in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) by 3.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 78,591 shares of the company’s stock after selling 3,168 shares during the quarter. D.A. Davidson & CO. owned 0.29% of First Trust NASDAQ BuyWrite Income ETF worth $1,636,000 at the end of the most recent quarter.

A number of other hedge funds have 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 8.9% in the third quarter. Integrated Wealth Concepts LLC now owns 647,285 shares of the company’s stock worth $13,256,000 after buying an additional 52,767 shares during the period. Fifth Third Securities Inc. increased its stake in shares of 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 worth $9,213,000 after buying an additional 235,437 shares during the period. Ameritas Advisory Services LLC increased its stake in shares of 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 worth $6,039,000 after buying an additional 35,755 shares during the period. Stifel Financial Corp increased its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 89.6% in the third quarter. Stifel Financial Corp now owns 79,969 shares of the company’s stock worth $1,638,000 after buying an additional 37,786 shares during the period. Finally, Truist Financial Corp increased its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 24.7% in the fourth quarter. Truist Financial Corp now owns 60,079 shares of the company’s stock worth $1,251,000 after buying an additional 11,881 shares during the period.

First Trust NASDAQ BuyWrite Income ETF Stock Down 2.6 %

Shares of NASDAQ FTQI opened at $20.69 on Friday. First Trust NASDAQ BuyWrite Income ETF has a 52 week low of $18.23 and a 52 week high of $21.49. The firm’s fifty day moving average is $21.06 and its 200 day moving average is $20.69. The company has a market cap of $553.46 million, a price-to-earnings ratio of 29.15 and a beta of 0.52.

First Trust NASDAQ BuyWrite Income ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be paid a $0.207 dividend. This represents a $2.48 annualized dividend and a dividend yield of 12.01%. This is an increase from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.20. The ex-dividend date of this dividend is Friday, February 21st.

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.