Private Advisor Group LLC Grows Position in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI)

Private Advisor Group LLC grew its stake in shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) by 7.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 114,020 shares of the company’s stock after purchasing an additional 8,065 shares during the period. Private Advisor Group LLC owned approximately 0.42% of First Trust NASDAQ BuyWrite Income ETF worth $2,374,000 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 FTQI. Global Retirement Partners LLC acquired a new stake in shares of First Trust NASDAQ BuyWrite Income ETF in the fourth quarter valued at about $32,000. Kestra Investment Management LLC acquired a new stake in shares of First Trust NASDAQ BuyWrite Income ETF during the 4th quarter valued at approximately $42,000. Atria Wealth Solutions Inc. boosted its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 7.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 14,999 shares of the company’s stock worth $312,000 after acquiring an additional 1,098 shares in the last quarter. Truist Financial Corp grew its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 24.7% in the 4th quarter. Truist Financial Corp now owns 60,079 shares of the company’s stock worth $1,251,000 after acquiring an additional 11,881 shares during the period. Finally, Kestra Private Wealth Services LLC grew its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 34.7% in the 4th quarter. Kestra Private Wealth Services LLC now owns 39,622 shares of the company’s stock worth $825,000 after acquiring an additional 10,199 shares during the period.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

Shares of FTQI stock opened at $20.45 on Wednesday. The stock has a fifty day moving average price of $21.04 and a 200 day moving average price of $20.72. The stock has a market cap of $547.04 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 company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.207 per share. This represents a $2.48 annualized dividend and a dividend yield of 12.15%. The ex-dividend date of this dividend is Friday, February 21st. This is an increase from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.20.

About First Trust NASDAQ BuyWrite Income ETF

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.