Stifel Financial Corp Raises Position in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI)

Stifel Financial Corp grew its holdings in shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) by 89.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,969 shares of the company’s stock after acquiring an additional 37,786 shares during the period. Stifel Financial Corp owned about 0.35% of First Trust NASDAQ BuyWrite Income ETF worth $1,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Atria Investments Inc bought a new stake in First Trust NASDAQ BuyWrite Income ETF during the third quarter valued at about $233,000. Commonwealth Equity Services LLC increased its holdings in First Trust NASDAQ BuyWrite Income ETF by 951.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 125,394 shares of the company’s stock worth $2,561,000 after acquiring an additional 113,467 shares in the last quarter. Private Advisor Group LLC raised its stake in First Trust NASDAQ BuyWrite Income ETF by 2.3% during the 2nd quarter. Private Advisor Group LLC now owns 107,471 shares of the company’s stock worth $2,195,000 after acquiring an additional 2,424 shares during the period. Sterling Manor Financial LLC lifted its holdings in First Trust NASDAQ BuyWrite Income ETF by 8.4% during the second quarter. Sterling Manor Financial LLC now owns 12,278 shares of the company’s stock valued at $251,000 after purchasing an additional 956 shares in the last quarter. Finally, Gentry Private Wealth LLC bought a new position in shares of First Trust NASDAQ BuyWrite Income ETF in the second quarter worth approximately $449,000.

First Trust NASDAQ BuyWrite Income ETF Price Performance

Shares of NASDAQ FTQI opened at $20.95 on Friday. First Trust NASDAQ BuyWrite Income ETF has a 1 year low of $18.23 and a 1 year high of $21.49. The firm has a fifty day moving average price of $20.91 and a 200-day moving average price of $20.48. The stock has a market cap of $483.95 million, a PE ratio of 29.15 and a beta of 0.52.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.204 per share. The ex-dividend date is Friday, December 13th. This represents a $2.45 dividend on an annualized basis and a yield of 11.68%.

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.