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First Trust Nasdaq BuyWrite Income ETFFirst Trust Nasdaq BuyWrite Income ETFFirst Trust Nasdaq BuyWrite Income ETF

First Trust Nasdaq BuyWrite Income ETF

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Overview
Analysis Holdings News Discussions Technicals Seasonals Options

FTQI chart


Full chart

Key stats


Assets under management (AUM)
‪588.47 M‬ USD
Fund flows (1Y)
‪330.25 M‬ USD
Dividend yield (indicated)
12.89%
Discount/Premium to NAV
0.10%
Shares outstanding
‪31.25 M‬
Expense ratio
0.75%

About First Trust Nasdaq BuyWrite Income ETF


Issuer
AJM Ventures LLC
Brand
First Trust
Home page
ftportfolios.com
Inception date
Jan 6, 2014
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
FTQI is an actively-managed fund that targets US stocks, overlaid by a call options strategy. The fund manager selects constituents based on several factors including trading liquidity, market-cap, price level, sector classification, and contribution to risk and return. To generate additional cash flow, the fund writes calls on the Nasdaq-100 seeking a notional value of 50-100% of the funds assets. The fund appears to be primarily model-driven in its portfolio selection, but the active management wrapper allows the fund manager to take advantage of market anomalies during periods of high volatility. Prior to May 11, 2022, the fund traded under the ticker FTLB, and was known as the First Trust Hedged BuyWrite Income ETF that imposes an option strategy consisting of both buying put and writing call options on the S&P 500.

Classification


Asset Class
Equity
Category
Size and style
Focus
Large cap
Niche
Broad-based
Strategy
Active
Geography
U.S.
Weighting scheme
Proprietary
Selection criteria
Proprietary

FTQI analysis


What's in the fund
Exposure type
StocksBonds, Cash & Other
Technology Services
Electronic Technology
Stock breakdown by region
94%3%1%0.1%
Top 10 holdings

FTQI news



Technicals


Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy

Seasonals


Displays a symbol's price movements over previous years to identify recurring trends.

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