First Trust Small Cap BuyWrite Income ETF (FTKI)
First Trust Small Cap BuyWrite Income ETF operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $20.13, up 0.14% on the session, giving a market capitalisation of $973,741. Its beta of 0.27 implies it has historically moved less than the broad market.
The First Trust Small Cap BuyWrite Income ETF, referred to as the "Fund," has a primary objective of generating consistent income. Its secondary goal is to grow the value of its investments over time. Under typical market conditions, the Fund pursues these aims by primarily investing in small-capitalization stocks listed on U.S. exchanges. Additionally, it implements a "buy-write" options approach, which involves selling U.S. exchange-traded call options that are based on either the Russell 2000 Index or various small-cap equity exchange-traded funds.
First Trust Small Cap BuyWrite Income ETF is most often compared with the following Financial Services names: