Brookstone Capital Management Increases Holdings in First Trust NASDAQ BuyWrite Income ETF

On October 13, 2024, it was reported that Brookstone Capital Management enhanced its investment in the First Trust NASDAQ BuyWrite Income ETF (NASDAQ: FTQI) by 15.1% during the third quarter of the year. According to the firm’s recent filing with the Securities & Exchange Commission, Brookstone now holds 33,151 shares of FTQI, having acquired an additional 4,341 shares in this quarter alone. The total value of Brookstone Capital Management's investment in the ETF stands at approximately $679,000 as indicated in the latest SEC filing.

Other institutional investors and hedge funds have also adjusted their positions in the First Trust NASDAQ BuyWrite Income ETF. For instance, GPS Wealth Strategies Group LLC increased its stake by 26.0% in the second quarter, raising its ownership to 2,612 shares valued at $53,000 after adding 539 shares. Similarly, Marshall Wace LLP raised its stake by 2.4% during the same period, now holding 26,312 shares worth $537,000 following a purchase of 613 additional shares.

Additionally, Sterling Manor Financial LLC expanded its holdings by 8.4% in the second quarter, bringing its total to 12,278 shares valued at $251,000 after acquiring 956 more shares. In the first quarter, Concourse Financial Group Securities Inc. also increased its position by 17.6%, now owning 10,659 shares valued at $219,000 after purchasing 1,597 additional shares. Finally, Private Advisor Group LLC raised its holdings by 2.3% in the second quarter, now possessing 107,471 shares valued at $2,195,000 following the acquisition of 2,424 extra shares.

Current Performance of FTQI Stock

As of Friday, shares of FTQI opened at $20.62. The ETF has recorded a fifty-two week low of $18.15 and a zenith of $20.93. The ETF’s 50-day moving average stands at $20.14, while its two-hundred day moving average is $20.25. The stock currently has a market capitalization of $462.92 million and carries a price-to-earnings ratio of 29.15, along with a beta of 0.52.

Dividend Information

Recently, the First Trust NASDAQ BuyWrite Income ETF announced a dividend which was distributed on Monday, September 30th. Shareholders of record as of Thursday, September 26th received a dividend payment of $0.203 per share. The ex-dividend date was also set for Thursday, September 26th.

Overview of First Trust NASDAQ BuyWrite Income ETF

First Trust NASDAQ BuyWrite Income ETF (FTQI) is an exchange-traded fund that primarily invests in large-cap equities. The fund is actively managed and incorporates an options strategy involving short calls on NASDAQ 100 stocks. This ETF was launched on January 6, 2014, under the management of First Trust.

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Interested in tracking other hedge fund investments in FTQI? Various platforms allow investors to explore the latest 13F filings and transactions related to First Trust NASDAQ BuyWrite Income ETF (NASDAQ: FTQI).

Brookstone, FTQI, ETF