First Trust Nasdaq BuyWrite Income ETF (FTQI)
| Assets | $581.61M |
| Expense Ratio | 0.75% |
| PE Ratio | 32.85 |
| Shares Out | 27.30M |
| Dividend (ttm) | $2.44 |
| Dividend Yield | 11.57% |
| Ex-Dividend Date | Jan 22, 2025 |
| Payout Ratio | 380.15% |
| 1-Year Return | +4.78% |
| Volume | 240,501 |
| Open | 21.21 |
| Previous Close | 21.12 |
| Day's Range | 20.99 - 21.25 |
| 52-Week Low | 18.23 |
| 52-Week High | 21.49 |
| Beta | 0.52 |
| Holdings | 163 |
| Inception Date | Jan 6, 2014 |
About FTQI
Fund Home PageThe 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 issued by First Trust.
Top 10 Holdings
51.20% of assets| Name | Symbol | Weight |
|---|---|---|
| Apple Inc. | AAPL | 12.39% |
| Microsoft Corporation | MSFT | 11.77% |
| NVIDIA Corporation | NVDA | 4.51% |
| Meta Platforms, Inc. | META | 4.41% |
| Tesla, Inc. | TSLA | 4.40% |
| Amazon.com, Inc. | AMZN | 3.87% |
| Broadcom Inc. | AVGO | 3.13% |
| PepsiCo, Inc. | PEP | 2.50% |
| Costco Wholesale Corporation | COST | 2.18% |
| Alphabet Inc. | GOOGL | 2.04% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 22, 2025 | $0.207 | Jan 31, 2025 |
| Dec 13, 2024 | $0.204 | Dec 31, 2024 |
| Nov 21, 2024 | $0.204 | Nov 29, 2024 |
| Oct 22, 2024 | $0.204 | Oct 31, 2024 |
| Sep 26, 2024 | $0.203 | Sep 30, 2024 |
| Aug 21, 2024 | $0.203 | Aug 30, 2024 |
News
FTQI: Covered Call ETF Offering Price Stability
The fund strategy focuses on using options against constituents of the Nasdaq-100, currently offering a 11.7% dividend yield. The price has remained quite stable over the last decade, but has underper...
Sacrificing Upside For Income: A Look At FTQI
FTQI employs a buy-write strategy on the NASDAQ-100, aiming for a high yield of 12% through monthly distributions. FTQI's strategy involves selling call options on 100% of its holdings, capping upside...
FTQI: Unconvincing Buy-Write ETF
First Trust Nasdaq BuyWrite Income ETF holds stocks of the Nasdaq Composite, and sells call options on the Nasdaq 100 index for income. FTQI has lagged some competitors on various time frames. The opt...
FTQI: Poor Structure To Extract Dividends From The Nasdaq, 11% Yield
This article analyzes the First Trust Nasdaq BuyWrite Income ETF and argues that it's not ideal for investors seeking growth from Nasdaq stocks. The fund aims to generate income through a covered-call...
FTQI: Buy-Writing The Nasdaq
First Trust Nasdaq BuyWrite Income ETF combines a stock portfolio with an index option overlay to generate additional cash flow. The buy-write strategy offers partial hedging against price declines an...
FTQI: A Change In 2022 Has Put It Closer To Competitors
First Trust Nasdaq BuyWrite Income ETF is an actively managed fund that holds a portfolio of 157 stocks and writes call options on the Nasdaq 100 index. The FTQI ETF has a 12-month distribution yield ...
FTQI: Worst Of Breed Buy-Write ETF On The Nasdaq 100 Index
The FTQI ETF uses a proprietary quantitative method to select U.S. large cap stocks, while adding a call-writing overlay to generate income. Compared to peer funds that employ a buy-write strategy on ...
FTQI: 11.8% Yield With A Caveat
First Trust Nasdaq BuyWrite Income ETF holds 150 stocks of the Nasdaq Composite and sells calls on the Nasdaq 100 to generate income. The fund has lagged its competitors since inception.
FTQI: Covered Call ETF That Falls Short For Similar Reasons Many Do
First Trust Nasdaq BuyWrite Income ETF writes covered calls on a portfolio that tracks the Nasdaq 100 Index. While there is some risk-management benefit here, there's not nearly enough going for it.