Wealth Enhancement Advisory Services LLC Acquires 6,000 Shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI)

Wealth Enhancement Advisory Services LLC raised its holdings in shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) by 20.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,600 shares of the company’s stock after purchasing an additional 6,000 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.16% of First Trust NASDAQ BuyWrite Income ETF worth $729,000 at the end of the most recent reporting period.

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

First Trust NASDAQ BuyWrite Income ETF Trading Up 1.8 %

Shares of FTQI stock opened at $20.88 on Thursday. The stock has a market capitalization of $482.33 million, a price-to-earnings ratio of 29.15 and a beta of 0.52. First Trust NASDAQ BuyWrite Income ETF has a twelve month low of $18.23 and a twelve month high of $21.00. The stock has a fifty day simple moving average of $20.40 and a two-hundred day simple moving average of $20.28.

First Trust NASDAQ BuyWrite Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 22nd were given a dividend of $0.204 per share. This is an increase from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.20. The ex-dividend date was Tuesday, October 22nd. This represents a $2.45 dividend on an annualized basis and a yield of 11.72%.

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.