First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Stock Position Lifted by Sowell Financial Services LLC

Sowell Financial Services LLC boosted its stake in shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) by 57.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 132,367 shares of the company’s stock after purchasing an additional 48,143 shares during the period. Sowell Financial Services LLC owned about 0.49% of First Trust NASDAQ BuyWrite Income ETF worth $2,756,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new stake in First Trust NASDAQ BuyWrite Income ETF in the fourth quarter valued at approximately $32,000. Kestra Investment Management LLC acquired a new stake in First Trust NASDAQ BuyWrite Income ETF in the fourth quarter valued at approximately $42,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in First Trust NASDAQ BuyWrite Income ETF in the fourth quarter valued at approximately $50,000. Atria Investments Inc acquired a new stake in First Trust NASDAQ BuyWrite Income ETF in the third quarter valued at approximately $233,000. Finally, Atria Wealth Solutions Inc. lifted its stake in First Trust NASDAQ BuyWrite Income ETF by 7.9% in the fourth quarter. Atria Wealth Solutions Inc. now owns 14,999 shares of the company’s stock valued at $312,000 after acquiring an additional 1,098 shares during the last quarter.

First Trust NASDAQ BuyWrite Income ETF Stock Up 0.8 %

NASDAQ FTQI opened at $19.63 on Monday. The stock has a market capitalization of $525.10 million, a PE ratio of 29.52 and a beta of 0.52. The company has a 50 day moving average price of $20.85 and a two-hundred day moving average price of $20.73. First Trust NASDAQ BuyWrite Income ETF has a 12-month low of $18.23 and a 12-month high of $21.49.

First Trust NASDAQ BuyWrite Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid 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 dividend on an annualized basis and a yield of 12.65%.

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.