Sterling Manor Financial LLC Purchases 956 Shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI)

Sterling Manor Financial LLC boosted its holdings in shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) by 8.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,278 shares of the company’s stock after acquiring an additional 956 shares during the period. First Trust NASDAQ BuyWrite Income ETF comprises about 0.2% of Sterling Manor Financial LLC’s portfolio, making the stock its 23rd largest position. Sterling Manor Financial LLC owned approximately 0.06% of First Trust NASDAQ BuyWrite Income ETF worth $251,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in FTQI. Concourse Financial Group Securities Inc. increased its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 26.4% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 13,476 shares of the company’s stock valued at $275,000 after acquiring an additional 2,817 shares during the period. Brookstone Capital Management raised its holdings in First Trust NASDAQ BuyWrite Income ETF by 15.7% in the second quarter. Brookstone Capital Management now owns 28,810 shares of the company’s stock worth $591,000 after purchasing an additional 3,920 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its position in shares of First Trust NASDAQ BuyWrite Income ETF by 26.0% during the second quarter. GPS Wealth Strategies Group LLC now owns 2,612 shares of the company’s stock valued at $53,000 after buying an additional 539 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of First Trust NASDAQ BuyWrite Income ETF by 26.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 29,600 shares of the company’s stock worth $604,000 after buying an additional 6,100 shares during the last quarter. Finally, Fifth Third Securities Inc. bought a new position in shares of First Trust NASDAQ BuyWrite Income ETF during the 2nd quarter worth approximately $3,814,000.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

NASDAQ:FTQI traded up $0.03 during midday trading on Tuesday, reaching $20.20. 109,010 shares of the stock traded hands, compared to its average volume of 127,655. The stock has a market capitalization of $404 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 business has a 50-day moving average of $20.21 and a two-hundred day moving average of $20.27.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st will be issued a dividend of $0.203 per share. The ex-dividend date is Wednesday, August 21st. This represents a $2.44 annualized dividend and a dividend yield of 12.06%.

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.