Brookstone Capital Management Has $591,000 Stake in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI)

Brookstone Capital Management grew its holdings in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) by 15.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,810 shares of the company’s stock after buying an additional 3,920 shares during the period. Brookstone Capital Management owned 0.15% of First Trust NASDAQ BuyWrite Income ETF worth $591,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FTQI. Fifth Third Securities Inc. acquired a new stake in First Trust NASDAQ BuyWrite Income ETF during the 2nd quarter worth approximately $3,814,000. Significant Wealth Partners LLC acquired a new stake in First Trust NASDAQ BuyWrite Income ETF during the 4th quarter worth approximately $2,104,000. Cetera Investment Advisers lifted its holdings in First Trust NASDAQ BuyWrite Income ETF by 357.6% during the 1st quarter. Cetera Investment Advisers now owns 98,956 shares of the company’s stock worth $2,033,000 after purchasing an additional 77,330 shares during the last quarter. Cetera Advisors LLC acquired a new stake in First Trust NASDAQ BuyWrite Income ETF during the 1st quarter worth approximately $1,465,000. Finally, Avantax Advisory Services Inc. lifted its holdings in First Trust NASDAQ BuyWrite Income ETF by 330.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 57,157 shares of the company’s stock worth $1,174,000 after purchasing an additional 43,875 shares during the last quarter.

First Trust NASDAQ BuyWrite Income ETF Trading Up 0.4 %

NASDAQ:FTQI opened at $20.28 on Tuesday. The stock has a market cap of $405.60 million, a P/E ratio of 29.15 and a beta of 0.52. The stock has a 50 day simple moving average of $20.25 and a 200 day simple moving average of $20.28. First Trust NASDAQ BuyWrite Income ETF has a 1-year low of $18.15 and a 1-year high of $20.93.

First Trust NASDAQ BuyWrite Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, July 31st. Investors of record on Tuesday, July 23rd were issued a dividend of $0.203 per share. The ex-dividend date was Tuesday, July 23rd. This represents a $2.44 annualized dividend and a yield of 12.01%.

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.