Prospera Financial Services Inc Trims Stake in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI)

Prospera Financial Services Inc lowered its holdings in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) by 48.8% during the third quarter, Holdings Channel.com reports. The firm owned 9,800 shares of the company’s stock after selling 9,353 shares during the period. Prospera Financial Services Inc’s holdings in First Trust NASDAQ BuyWrite Income ETF were worth $201,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of FTQI. Cetera Investment Advisers grew its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 357.6% in the first quarter. Cetera Investment Advisers now owns 98,956 shares of the company’s stock valued at $2,033,000 after buying an additional 77,330 shares in the last quarter. Cetera Advisors LLC acquired a new stake in shares of First Trust NASDAQ BuyWrite Income ETF in the first quarter valued at $1,465,000. CWM LLC grew its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 23.3% in the second quarter. CWM LLC now owns 44,470 shares of the company’s stock valued at $908,000 after buying an additional 8,409 shares in the last quarter. Fifth Third Securities Inc. acquired a new stake in shares of First Trust NASDAQ BuyWrite Income ETF in the second quarter valued at $3,814,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 26.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 29,600 shares of the company’s stock valued at $604,000 after buying an additional 6,100 shares in the last quarter.

First Trust NASDAQ BuyWrite Income ETF Price Performance

FTQI opened at $20.98 on Tuesday. The business has a fifty day moving average price of $20.63 and a 200 day moving average price of $20.37. The stock has a market capitalization of $484.64 million, a price-to-earnings ratio of 29.15 and a beta of 0.52. First Trust NASDAQ BuyWrite Income ETF has a 12 month low of $18.23 and a 12 month high of $21.18.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.204 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.45 annualized dividend and a dividend yield of 11.67%.

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.