Kestra Investment Management LLC Invests $42,000 in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI)

Kestra Investment Management LLC acquired a new position in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,002 shares of the company’s stock, valued at approximately $42,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Atria Wealth Solutions Inc. increased its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 7.9% in the fourth quarter. Atria Wealth Solutions Inc. now owns 14,999 shares of the company’s stock worth $312,000 after purchasing an additional 1,098 shares in the last quarter. Truist Financial Corp increased its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 24.7% in the fourth quarter. Truist Financial Corp now owns 60,079 shares of the company’s stock worth $1,251,000 after purchasing an additional 11,881 shares in the last quarter. Kestra Private Wealth Services LLC increased its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 34.7% in the fourth quarter. Kestra Private Wealth Services LLC now owns 39,622 shares of the company’s stock worth $825,000 after purchasing an additional 10,199 shares in the last quarter. Fifth Third Securities Inc. increased its stake in shares of 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 worth $9,213,000 after purchasing an additional 235,437 shares in the last quarter. Finally, Capital Investment Advisory Services LLC increased its stake in shares of 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 worth $1,140,000 after purchasing an additional 7,678 shares in the last quarter.

First Trust NASDAQ BuyWrite Income ETF Price Performance

Shares of NASDAQ FTQI opened at $20.69 on Friday. The firm has a fifty day moving average price of $21.07 and a 200-day moving average price of $20.69. The stock has a market cap of $553.46 million, a PE ratio of 29.15 and a beta of 0.52. First Trust NASDAQ BuyWrite Income ETF has a 1 year low of $18.23 and a 1 year high of $21.49.

First Trust NASDAQ BuyWrite Income ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be paid a dividend of $0.207 per share. This represents a $2.48 annualized dividend and a yield of 12.01%. This is a boost from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.20. The ex-dividend date of this dividend is Friday, February 21st.

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.