First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Sees Unusually-High Trading Volume – Should You Buy?

Shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) saw unusually-high trading volume on Monday . Approximately 979,620 shares traded hands during trading, an increase of 243% from the previous session’s volume of 285,486 shares.The stock last traded at $20.2130 and had previously closed at $20.43.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

The company has a market capitalization of $760.65 million, a PE ratio of 32.31 and a beta of 0.59. The stock has a fifty day moving average of $20.81 and a 200 day moving average of $20.67.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be paid a $0.207 dividend. The ex-dividend date is Friday, February 20th. This represents a c) annualized dividend and a yield of 12.3%.

Institutional Investors Weigh In On First Trust NASDAQ BuyWrite Income ETF

Several large investors have recently made changes to their positions in FTQI. NewEdge Advisors LLC boosted its position in shares of First Trust NASDAQ BuyWrite Income ETF by 37.6% during the 1st quarter. NewEdge Advisors LLC now owns 45,146 shares of the company’s stock valued at $851,000 after acquiring an additional 12,332 shares during the last quarter. D.A. Davidson & CO. raised its stake in First Trust NASDAQ BuyWrite Income ETF by 2.7% during the second quarter. D.A. Davidson & CO. now owns 80,925 shares of the company’s stock valued at $1,583,000 after purchasing an additional 2,143 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in First Trust NASDAQ BuyWrite Income ETF by 17.3% during the second quarter. Envestnet Asset Management Inc. now owns 115,953 shares of the company’s stock valued at $2,268,000 after purchasing an additional 17,073 shares in the last quarter. Cetera Investment Advisers lifted its position in First Trust NASDAQ BuyWrite Income ETF by 18.0% during the second quarter. Cetera Investment Advisers now owns 151,960 shares of the company’s stock valued at $2,972,000 after purchasing an additional 23,149 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 2.5% in the 2nd quarter. Avantax Advisory Services Inc. now owns 105,493 shares of the company’s stock worth $2,063,000 after buying an additional 2,529 shares in the last quarter.

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.