First Trust Nasdaq BuyWrite Income ETF (FTQI)
First Trust Nasdaq 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 $22.31, up 0.63% on the session, giving a market capitalisation of $954.7M. Its beta of 0.62 implies it has historically moved less than the broad market.
The Fund's primary goal is to generate a steady stream of income. It achieves this by principally investing in stocks traded on American exchanges. To further boost its income potential, the Fund employs an options strategy: it actively sells U.S. exchange-traded covered call options linked to the Nasdaq-100 Index. This approach aims to secure additional cash flow through the collection of "premiums." A premium represents the payment the Fund receives when it sells an option contract to another party, and these earnings have the potential to be distributed to shareholders each month.
First Trust Nasdaq BuyWrite Income ETF is most often compared with the following Financial Services names: