D.A. Davidson & CO. Sells 2,413 Shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI)

D.A. Davidson & CO. cut its stake in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) by 2.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,759 shares of the company’s stock after selling 2,413 shares during the quarter. D.A. Davidson & CO. owned 0.35% of First Trust NASDAQ BuyWrite Income ETF worth $1,674,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. GPS Wealth Strategies Group LLC grew its holdings in First Trust NASDAQ BuyWrite Income ETF by 26.0% during the second quarter. GPS Wealth Strategies Group LLC now owns 2,612 shares of the company’s stock valued at $53,000 after purchasing an additional 539 shares during the period. Atria Investments Inc acquired a new stake in First Trust NASDAQ BuyWrite Income ETF during the 3rd quarter worth $233,000. Sterling Manor Financial LLC raised its stake in First Trust NASDAQ BuyWrite Income ETF by 8.4% during the 2nd quarter. Sterling Manor Financial LLC now owns 12,278 shares of the company’s stock worth $251,000 after buying an additional 956 shares during the period. Concourse Financial Group Securities Inc. raised its stake in First Trust NASDAQ BuyWrite Income ETF by 26.4% during the 2nd quarter. Concourse Financial Group Securities Inc. now owns 13,476 shares of the company’s stock worth $275,000 after buying an additional 2,817 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in First Trust NASDAQ BuyWrite Income ETF in the second quarter valued at about $280,000.

First Trust NASDAQ BuyWrite Income ETF Price Performance

NASDAQ FTQI opened at $21.18 on Friday. First Trust NASDAQ BuyWrite Income ETF has a one year low of $18.23 and a one year high of $21.21. The firm has a market cap of $489.26 million, a P/E ratio of 29.15 and a beta of 0.52. The stock’s 50-day moving average is $20.68 and its 200-day moving average is $20.39.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.204 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.45 annualized dividend and a yield of 11.56%.

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.