First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Reaches New 12-Month Low – Time to Sell?

Shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) reached a new 52-week low on Monday . The company traded as low as $16.25 and last traded at $17.07, with a volume of 111874 shares traded. The stock had previously closed at $17.10.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

The stock has a market cap of $564.25 million, a P/E ratio of 26.86 and a beta of 0.54. The firm has a 50-day moving average price of $19.80 and a 200-day moving average price of $20.50.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a $0.207 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 13.43%. The ex-dividend date of this dividend was Thursday, March 27th.

Hedge Funds Weigh In On First Trust NASDAQ BuyWrite Income ETF

Several large investors have recently made changes to their positions in the business. LPL Financial LLC raised its stake in First Trust NASDAQ BuyWrite Income ETF by 17.6% during the fourth quarter. LPL Financial LLC now owns 1,671,347 shares of the company’s stock valued at $34,797,000 after buying an additional 249,678 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 123.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,070,553 shares of the company’s stock valued at $22,289,000 after acquiring an additional 590,743 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in shares of First Trust NASDAQ BuyWrite Income ETF by 2.6% in the 4th quarter. Integrated Wealth Concepts LLC now owns 664,102 shares of the company’s stock worth $13,827,000 after purchasing an additional 16,817 shares during the last quarter. Fifth Third Securities Inc. raised its position in shares of First Trust NASDAQ BuyWrite Income ETF by 113.7% in the 4th quarter. Fifth Third Securities Inc. now owns 442,506 shares of the company’s stock worth $9,213,000 after purchasing an additional 235,437 shares during the last quarter. Finally, Ameritas Advisory Services LLC boosted its stake in First Trust NASDAQ BuyWrite Income ETF by 14.1% in the 4th quarter. Ameritas Advisory Services LLC now owns 290,074 shares of the company’s stock worth $6,039,000 after purchasing an additional 35,755 shares in the last quarter.

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.