First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Sees Large Volume Increase – Time to Buy?

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) shares saw unusually-strong trading volume on Friday . Approximately 401,394 shares changed hands during mid-day trading, an increase of 155% from the previous session’s volume of 157,567 shares.The stock last traded at $21.24 and had previously closed at $21.25.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

The firm’s 50-day moving average is $21.06 and its two-hundred day moving average is $20.57. The stock has a market cap of $564.85 million, a P/E ratio of 29.15 and a beta of 0.52.

First Trust NASDAQ BuyWrite Income ETF Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be issued a $0.207 dividend. This is a boost from First Trust NASDAQ BuyWrite Income ETF’s previous dividend of $0.20. The ex-dividend date of this dividend is Wednesday, January 22nd.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Fifth Third Securities Inc. boosted its stake in First Trust NASDAQ BuyWrite Income ETF by 113.7% in the fourth quarter. Fifth Third Securities Inc. now owns 442,506 shares of the company’s stock valued at $9,213,000 after acquiring an additional 235,437 shares during the last quarter. Capital Investment Advisory Services LLC lifted its stake in First Trust NASDAQ BuyWrite Income ETF by 16.3% in the fourth quarter. Capital Investment Advisory Services LLC now owns 54,759 shares of the company’s stock valued at $1,140,000 after buying an additional 7,678 shares during the period. Ameritas Advisory Services LLC boosted its holdings in First Trust NASDAQ BuyWrite Income ETF by 14.1% during the fourth quarter. Ameritas Advisory Services LLC now owns 290,074 shares of the company’s stock worth $6,039,000 after buying an additional 35,755 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of First Trust NASDAQ BuyWrite Income ETF in the 4th quarter valued at about $50,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of First Trust NASDAQ BuyWrite Income ETF in the 4th quarter valued at approximately $949,000.

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.