Harbour Investments Inc. Cuts Stake in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI)

Harbour Investments Inc. reduced its holdings in shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) by 75.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,371 shares of the company’s stock after selling 167,166 shares during the period. Harbour Investments Inc. owned about 0.23% of First Trust NASDAQ BuyWrite Income ETF worth $1,093,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. GPS Wealth Strategies Group LLC increased its stake in First Trust NASDAQ BuyWrite Income ETF by 26.0% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 2,612 shares of the company’s stock worth $53,000 after buying an additional 539 shares during the period. Marshall Wace LLP increased its stake in First Trust NASDAQ BuyWrite Income ETF by 2.4% during the 2nd quarter. Marshall Wace LLP now owns 26,312 shares of the company’s stock worth $537,000 after buying an additional 613 shares during the period. Sterling Manor Financial LLC increased its position in shares of First Trust NASDAQ BuyWrite Income ETF by 8.4% in the 2nd quarter. Sterling Manor Financial LLC now owns 12,278 shares of the company’s stock valued at $251,000 after purchasing an additional 956 shares during the last quarter. CWM LLC increased its position in shares of First Trust NASDAQ BuyWrite Income ETF by 5.3% in the 3rd quarter. CWM LLC now owns 46,811 shares of the company’s stock valued at $959,000 after purchasing an additional 2,341 shares during the last quarter. Finally, Private Advisor Group LLC increased its position in shares of First Trust NASDAQ BuyWrite Income ETF by 2.3% in the 2nd quarter. Private Advisor Group LLC now owns 107,471 shares of the company’s stock valued at $2,195,000 after purchasing an additional 2,424 shares during the last quarter.

First Trust NASDAQ BuyWrite Income ETF Trading Down 0.5 %

Shares of NASDAQ:FTQI opened at $20.94 on Friday. First Trust NASDAQ BuyWrite Income ETF has a 52 week low of $18.23 and a 52 week high of $21.18. The company’s 50 day moving average is $20.49 and its two-hundred day moving average is $20.33. The company has a market cap of $483.71 million, a PE ratio of 29.15 and a beta of 0.52.

First Trust NASDAQ BuyWrite Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 22nd were given a $0.204 dividend. The ex-dividend date was Tuesday, October 22nd. This is an increase from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.20. This represents a $2.45 dividend on an annualized basis and a dividend yield of 11.69%.

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.