Marshall Investment Management LLC Makes New $338,000 Investment in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI)

Marshall 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 disclosure with the Securities and Exchange Commission. The institutional investor acquired 16,502 shares of the company’s stock, valued at approximately $338,000. Marshall Investment Management LLC owned approximately 0.06% of First Trust NASDAQ BuyWrite Income ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in FTQI. Fifth Third Securities Inc. grew its position in shares of First Trust NASDAQ BuyWrite Income ETF by 113.7% during the 4th 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 period. Integrated Wealth Concepts LLC grew its position in shares of First Trust NASDAQ BuyWrite Income ETF by 8.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 647,285 shares of the company’s stock valued at $13,256,000 after acquiring an additional 52,767 shares during the period. International Assets Investment Management LLC bought a new position in shares of First Trust NASDAQ BuyWrite Income ETF during the 4th quarter valued at approximately $949,000. Stifel Financial Corp grew its position in shares of First Trust NASDAQ BuyWrite Income ETF by 89.6% during the 3rd quarter. Stifel Financial Corp now owns 79,969 shares of the company’s stock valued at $1,638,000 after acquiring an additional 37,786 shares during the period. Finally, Ameritas Advisory Services LLC grew its position in shares of First Trust NASDAQ BuyWrite Income ETF by 16.6% during the 3rd quarter. Ameritas Advisory Services LLC now owns 254,319 shares of the company’s stock valued at $5,208,000 after acquiring an additional 36,261 shares during the period.

First Trust NASDAQ BuyWrite Income ETF Stock Down 2.6 %

First Trust NASDAQ BuyWrite Income ETF stock opened at $20.69 on Friday. First Trust NASDAQ BuyWrite Income ETF has a twelve month low of $18.23 and a twelve month high of $21.49. The firm has a 50 day moving average price of $21.06 and a 200-day moving average price of $20.69. The company has a market capitalization of $553.46 million, a P/E ratio of 29.15 and a beta of 0.52.

First Trust NASDAQ BuyWrite Income ETF Increases Dividend

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