Summary
FTQI Chart
FTQI: AI Volatility Makes This 11% Yielding Fund A Defensive Play
First Trust Nasdaq BuyWrite Income ETF offers an 11% yield with monthly distributions, appealing to retirees prioritizing income and capital preservation. FTQI's option-writing strategy generates stable, tax-efficient income but structurally limits upside during strong market rallies, leading to underperformance versus QQQ in bull markets. The fund provides downside protection and income during volatile or sideways markets, outperforming QQQ during downturns but lagging in sustained bull runs.
FTQI: 11.7% Yielding Covered Call Fund Fixes Some Category Problems
First Trust Nasdaq BuyWrite Income ETF targets current income via covered call strategies on Nasdaq Composite securities. FTQI manages approximately $791 million in assets and has operated since 2014, emphasizing monthly distributions. The ETF currently yields about 12.26%, with payouts adjusted quarterly but consistently in double digits over the past year.
FTQI: Tax-Efficient Monthly Income But Not A Good Long-Term Choice
First Trust Nasdaq BuyWrite Income ETF is rated a hold due to capped upside and vulnerability in prolonged downturns. FTQI delivers an attractive 11.3% yield with consistent monthly distributions, appealing to income-focused investors, especially those nearing retirement. The fund's ATM-heavy option strategy prioritizes income over growth, causing underperformance versus traditional index ETFs during bull markets.
First Trust Nasdaq BuyWrite Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 43,884 | $894,170.88 | $972,688.86 | $78,517.98 | 8.78% |
| TSR Ted S. Rich RiverTree Advisors LLC | 154,916 | $3M | $3.43M | $439,070.7 | 14.66% |
| KMT Kirk M. Tokheim Ameritas Advisory Services LLC | 25,066 | $521,275.69 | $557,843.83 | $36,568.14 | 7.02% |
 Marc H. Stone Tyler-Stone Wealth Management | 18,760 | $385,048.34 | $415,346.4 | $30,298.06 | 7.87% |
| RAF Richard A. Flora Key Client Fiduciary Advisors LLC | 19,170 | $371,496.06 | $424,423.8 | $52,927.74 | 14.25% |
First Trust Nasdaq BuyWrite Fund (FTQI) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has First Trust Nasdaq BuyWrite Fund ever had a stock split?
First Trust Nasdaq BuyWrite Fund Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
The company is focused on providing its investors with investment opportunities primarily through equity securities listed on U.S. exchanges. It employs a distinctive option strategy, which involves writing (selling) U.S. exchange-traded call options on the Nasdaq-100 Index®. This method aims to generate returns for its investors through a structured approach to options trading. The call options that the fund writes are characterized by their short-term expirations, which are less than one year, and are generally written at-the-money to out-of-the-money. This strategy is designed to capitalize on market movements and volatilities, offering a potentially lucrative investment venue for those interested in equity securities and options trading within the U.S. financial markets.
Products and Services
- Equity Securities Investment
- Options Strategy with Call Options on the Nasdaq-100 Index®
The core of the company's investment approach focuses on equity securities that are listed on U.S. exchanges. This includes investing in a diverse range of companies across various sectors, aiming to leverage the growth and performance of these enterprises within the thriving U.S. economy. By carefully selecting equity securities, the company seeks to provide investors with robust investment opportunities that have the potential for appreciable returns.
Utilizing a sophisticated options strategy, the company writes (sells) call options on the Nasdaq-100 Index®, a practice central to its investment methodology. This approach involves selecting call options with expirations of less than one year, which are typically at-the-money to out-of-the-money. Writing call options allows the company to potentially earn premiums from these options, thus generating income. This strategy takes advantage of market movements and leverages the volatility of the Nasdaq-100 Index® to achieve its investment objectives, offering a unique way for investors to engage with the market.
