Private Trust Co. NA Invests $743,000 in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI)

Private Trust Co. NA bought a new position in shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 35,680 shares of the company’s stock, valued at approximately $743,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in FTQI. Atria Wealth Solutions Inc. boosted its stake in First Trust NASDAQ BuyWrite Income ETF by 7.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 14,999 shares of the company’s stock valued at $312,000 after purchasing an additional 1,098 shares during the period. Global Retirement Partners LLC bought a new stake in First Trust NASDAQ BuyWrite Income ETF in the 4th quarter valued at $32,000. MML Investors Services LLC boosted its stake in First Trust NASDAQ BuyWrite Income ETF by 4.6% in the 3rd quarter. MML Investors Services LLC now owns 43,080 shares of the company’s stock valued at $882,000 after purchasing an additional 1,883 shares during the period. Kestra Investment Management LLC bought a new stake in First Trust NASDAQ BuyWrite Income ETF in the 4th quarter valued at $42,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in First Trust NASDAQ BuyWrite Income ETF in the 4th quarter valued at $50,000.

First Trust NASDAQ BuyWrite Income ETF Price Performance

FTQI opened at $20.35 on Friday. The business has a fifty day simple moving average of $20.99 and a 200 day simple moving average of $20.74. The company has a market capitalization of $544.36 million, a PE ratio of 29.15 and a beta of 0.52. First Trust NASDAQ BuyWrite Income ETF has a 1 year low of $18.23 and a 1 year high of $21.49.

First Trust NASDAQ BuyWrite Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a $0.207 dividend. The ex-dividend date of this dividend was Friday, February 21st. This is a boost from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.20. This represents a $2.48 annualized dividend and a yield of 12.21%.

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.