First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Reaches New 1-Year High – Should You Buy?

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $22.24 and last traded at $22.19, with a volume of 85536 shares traded. The stock had previously closed at $22.07.

First Trust NASDAQ BuyWrite Income ETF Price Performance

The firm’s 50-day simple moving average is $21.76 and its 200 day simple moving average is $21.04. The firm has a market capitalization of $936.03 million, a price-to-earnings ratio of 32.31 and a beta of 0.63.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.199 dividend. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. LPL Financial LLC boosted its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 10.7% in the 4th quarter. LPL Financial LLC now owns 3,185,721 shares of the company’s stock valued at $66,327,000 after purchasing an additional 307,710 shares in the last quarter. Wells Fargo & Company MN lifted its stake in First Trust NASDAQ BuyWrite Income ETF by 26.2% in the 4th quarter. Wells Fargo & Company MN now owns 2,011,400 shares of the company’s stock valued at $41,877,000 after purchasing an additional 417,518 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in First Trust NASDAQ BuyWrite Income ETF by 3.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,137,323 shares of the company’s stock valued at $23,679,000 after purchasing an additional 34,266 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in First Trust NASDAQ BuyWrite Income ETF by 6.4% in the third quarter. Integrated Wealth Concepts LLC now owns 679,915 shares of the company’s stock valued at $14,006,000 after buying an additional 40,745 shares in the last quarter. Finally, Spartan Wealth Advisory Services LLC acquired a new stake in First Trust NASDAQ BuyWrite Income ETF in the first quarter valued at approximately $10,234,000.

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.