RiverTree Advisors LLC Lowers Stock Holdings in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI)

RiverTree Advisors LLC lowered its position in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) by 7.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 124,300 shares of the company’s stock after selling 10,652 shares during the period. First Trust NASDAQ BuyWrite Income ETF comprises approximately 1.7% of RiverTree Advisors LLC’s holdings, making the stock its 21st largest position. RiverTree Advisors LLC owned about 0.55% of First Trust NASDAQ BuyWrite Income ETF worth $2,546,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Cedrus LLC acquired a new stake in shares of First Trust NASDAQ BuyWrite Income ETF during the 3rd quarter valued at approximately $299,000. CWM LLC raised its position in shares of First Trust NASDAQ BuyWrite Income ETF by 5.3% during the 3rd quarter. CWM LLC now owns 46,811 shares of the company’s stock worth $959,000 after purchasing an additional 2,341 shares during the last quarter. Brookstone Capital Management raised its position in shares of First Trust NASDAQ BuyWrite Income ETF by 15.1% during the 3rd quarter. Brookstone Capital Management now owns 33,151 shares of the company’s stock worth $679,000 after purchasing an additional 4,341 shares during the last quarter. Cetera Investment Advisers grew its stake in First Trust NASDAQ BuyWrite Income ETF by 21.1% in the 2nd quarter. Cetera Investment Advisers now owns 119,880 shares of the company’s stock worth $2,448,000 after acquiring an additional 20,924 shares during the period. Finally, Truist Financial Corp grew its stake in First Trust NASDAQ BuyWrite Income ETF by 22.2% in the 2nd quarter. Truist Financial Corp now owns 31,108 shares of the company’s stock worth $635,000 after acquiring an additional 5,641 shares during the period.

First Trust NASDAQ BuyWrite Income ETF Price Performance

FTQI stock traded up $0.07 during midday trading on Thursday, hitting $20.46. The stock had a trading volume of 15,457 shares, compared to its average volume of 122,662. The firm has a market cap of $469.56 million, a PE ratio of 29.15 and a beta of 0.52. First Trust NASDAQ BuyWrite Income ETF has a 12-month low of $18.15 and a 12-month high of $20.93. The company’s 50-day moving average price is $20.33 and its 200 day moving average price is $20.26.

First Trust NASDAQ BuyWrite Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd will be paid a dividend of $0.204 per share. The ex-dividend date of this dividend is Tuesday, October 22nd. This is a boost from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.20. This represents a $2.45 annualized dividend and a dividend yield of 11.96%.

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.