IMG Wealth Management Inc. Acquires 1,222 Shares of First Trust NASDAQ BuyWrite Income ETF $FTQI

IMG Wealth Management Inc. raised its holdings in shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) by 16.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,517 shares of the company’s stock after acquiring an additional 1,222 shares during the period. IMG Wealth Management Inc.’s holdings in First Trust NASDAQ BuyWrite Income ETF were worth $167,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. bought a new position in First Trust NASDAQ BuyWrite Income ETF during the second quarter valued at approximately $49,000. Sunbelt Securities Inc. grew its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 260.0% in the first quarter. Sunbelt Securities Inc. now owns 7,200 shares of the company’s stock worth $136,000 after purchasing an additional 5,200 shares during the last quarter. Nations Financial Group Inc. IA ADV bought a new position in shares of First Trust NASDAQ BuyWrite Income ETF in the first quarter worth approximately $206,000. OLD Mission Capital LLC bought a new position in shares of First Trust NASDAQ BuyWrite Income ETF in the first quarter worth approximately $222,000. Finally, Sigma Planning Corp bought a new position in shares of First Trust NASDAQ BuyWrite Income ETF in the first quarter worth approximately $223,000.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

Shares of First Trust NASDAQ BuyWrite Income ETF stock opened at $21.00 on Tuesday. First Trust NASDAQ BuyWrite Income ETF has a 52-week low of $16.25 and a 52-week high of $21.49. The stock has a market capitalization of $735 million, a price-to-earnings ratio of 32.31 and a beta of 0.52. The company’s 50 day moving average price is $20.44 and its 200-day moving average price is $19.58.

First Trust NASDAQ BuyWrite Income ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be issued a $0.205 dividend. This is a positive change from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.20. This represents a c) annualized dividend and a dividend yield of 11.7%. The ex-dividend date is Tuesday, October 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.