Sterling Manor Financial LLC Purchases 2,583 Shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI)

Sterling Manor Financial LLC raised its holdings in shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) by 21.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,861 shares of the company’s stock after acquiring an additional 2,583 shares during the quarter. First Trust NASDAQ BuyWrite Income ETF makes up approximately 0.2% of Sterling Manor Financial LLC’s holdings, making the stock its 22nd biggest position. Sterling Manor Financial LLC’s holdings in First Trust NASDAQ BuyWrite Income ETF were worth $304,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fifth Third Securities Inc. acquired a new position in First Trust NASDAQ BuyWrite Income ETF during the second quarter valued at approximately $3,814,000. TrueMark Investments LLC bought a new position in First Trust NASDAQ BuyWrite Income ETF during the second quarter worth about $3,353,000. Commonwealth Equity Services LLC increased its position in First Trust NASDAQ BuyWrite Income ETF by 951.3% during the second quarter. Commonwealth Equity Services LLC now owns 125,394 shares of the company’s stock worth $2,561,000 after buying an additional 113,467 shares during the last quarter. Ameritas Advisory Services LLC raised its stake in First Trust NASDAQ BuyWrite Income ETF by 102.9% in the 2nd quarter. Ameritas Advisory Services LLC now owns 218,058 shares of the company’s stock valued at $4,453,000 after acquiring an additional 110,613 shares during the period. Finally, Cetera Investment Advisers raised its stake in First Trust NASDAQ BuyWrite Income ETF by 357.6% in the 1st quarter. Cetera Investment Advisers now owns 98,956 shares of the company’s stock valued at $2,033,000 after acquiring an additional 77,330 shares during the period.

First Trust NASDAQ BuyWrite Income ETF Price Performance

FTQI stock traded up $0.09 during midday trading on Monday, reaching $20.59. 69,250 shares of the company were exchanged, compared to its average volume of 123,284. First Trust NASDAQ BuyWrite Income ETF has a one year low of $18.23 and a one year high of $20.93. The firm has a market capitalization of $473.57 million, a price-to-earnings ratio of 29.15 and a beta of 0.52. The business has a 50-day moving average price of $20.34 and a two-hundred day moving average price of $20.26.

First Trust NASDAQ BuyWrite Income ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 22nd will be paid a $0.204 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $2.45 dividend on an annualized basis and a yield of 11.89%. This is a positive change from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.20.

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.