First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) saw an uptick in trading volume on Thursday . 456,012 shares were traded during mid-day trading, an increase of 55% from the previous session’s volume of 294,430 shares.The stock last traded at $21.82 and had previously closed at $22.03.

First Trust NASDAQ BuyWrite Income ETF Trading Down 1.2%

The firm’s 50-day moving average price is $21.92 and its two-hundred day moving average price is $21.13. The stock has a market cap of $920.87 million, a PE ratio of 32.31 and a beta of 0.63.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

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

Institutional Trading of First Trust NASDAQ BuyWrite Income ETF

Hedge funds have recently bought and sold shares of the stock. Spartan Wealth Advisory Services LLC purchased a new position in shares of First Trust NASDAQ BuyWrite Income ETF in the 1st quarter worth approximately $10,234,000. Wells Fargo & Company MN lifted its position in First Trust NASDAQ BuyWrite Income ETF by 26.2% during the fourth quarter. Wells Fargo & Company MN now owns 2,011,400 shares of the company’s stock valued at $41,877,000 after acquiring an additional 417,518 shares during the last quarter. LPL Financial LLC lifted its position in First Trust NASDAQ BuyWrite Income ETF by 10.7% during the fourth quarter. LPL Financial LLC now owns 3,185,721 shares of the company’s stock valued at $66,327,000 after acquiring an additional 307,710 shares during the last quarter. Sun Financial Inc acquired a new stake in First Trust NASDAQ BuyWrite Income ETF in the fourth quarter valued at approximately $5,052,000. Finally, Janney Montgomery Scott LLC boosted its stake in First Trust NASDAQ BuyWrite Income ETF by 97.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 143,722 shares of the company’s stock valued at $2,992,000 after acquiring an additional 70,792 shares in the last quarter.

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.