The fund will pursue its investment objective by investing primarily in equity securities listed on U.S. exchanges and by utilizing an "option strategy" consisting of writing (selling) U.S. exchange-traded call options on the Nasdaq-100 Index ®. The call options written by the fund will have expirations of less than one year, and will be typically written at-the-money to out-of-the-money.
Frequently asked questions
What is the First Trust Nasdaq BuyWrite Income ETF (FTQI) expense ratio?
The First Trust Nasdaq BuyWrite Income ETF funds expense ratio is 0.75%.
What is First Trust Nasdaq BuyWrite Income ETF (FTQI) current stock price?
As of the latest data, First Trust Nasdaq BuyWrite Income ETF stock price is $22.47, with a previous close of $22.30. First Trust Nasdaq BuyWrite Income ETF gained $0.17 in the last trading session, representing a 0.76% increase.
Does First Trust Nasdaq BuyWrite Income ETF (FTQI) pay dividends?
Yes. First Trust Nasdaq BuyWrite Income ETF pays monthly dividends with an annualized yield of 11% and an estimated annual payout of $2.47 per share.