First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Shares Sold by Channel Wealth LLC

Channel Wealth LLC reduced its stake in shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) by 4.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 17,061 shares of the company’s stock after selling 821 shares during the period. Channel Wealth LLC’s holdings in First Trust NASDAQ BuyWrite Income ETF were worth $355,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 52.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 96,299 shares of the company’s stock worth $1,966,000 after acquiring an additional 33,328 shares in the last quarter. Marshall Wace LLP raised its holdings in First Trust NASDAQ BuyWrite Income ETF by 2.4% during the second quarter. Marshall Wace LLP now owns 26,312 shares of the company’s stock worth $537,000 after purchasing an additional 613 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in First Trust NASDAQ BuyWrite Income ETF during the second quarter worth $324,000. Truist Financial Corp grew its holdings in First Trust NASDAQ BuyWrite Income ETF by 22.2% in the second quarter. Truist Financial Corp now owns 31,108 shares of the company’s stock valued at $635,000 after purchasing an additional 5,641 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in shares of First Trust NASDAQ BuyWrite Income ETF by 21.1% in the second quarter. Cetera Investment Advisers now owns 119,880 shares of the company’s stock valued at $2,448,000 after buying an additional 20,924 shares in the last quarter.

First Trust NASDAQ BuyWrite Income ETF Stock Down 0.3 %

First Trust NASDAQ BuyWrite Income ETF stock opened at $20.94 on Friday. The firm has a market capitalization of $555.96 million, a PE ratio of 29.15 and a beta of 0.52. First Trust NASDAQ BuyWrite Income ETF has a 52 week low of $18.23 and a 52 week high of $21.49. The firm’s 50-day simple moving average is $21.06 and its 200 day simple moving average is $20.56.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.204 per share. The ex-dividend date was Friday, December 13th. 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.