Microsoft

Apple

NVIDIA

Amazon

Broadcom

Costco

Alphabet

Advanced Micro Devices

First Trust Exchange-Traded Fund VI First Trust Nasdaq BuyWrite Income ETF

FTQI is an actively-managed portfolio of US stocks, with an options overlay of short calls on the Nasdaq 100.

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WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. ("FTA") announces the declaration of the monthly distributions for certain exchange-traded funds advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date: April 23, 2024 Record Date: April 24, 2024 Payable Date: April 30, 2024 Ticker   Exchange   Fund Name   Frequency   Ordinary Income Per Share Amount   ACTIVELY MANAGED EXCHANGE-TRADED FUNDS   First Trust Exchange-Traded Fund III FCAL   N.

First Trust Advisors L.P. Announces Distributions for Exchange-Traded Funds

This article analyzes the First Trust Nasdaq BuyWrite Income ETF and argues that it's not ideal for investors seeking growth from Nasdaq stocks. The fund aims to generate income through a covered-call strategy on the Nasdaq-100 Index, but utilizes in-the-money call options. Growth stocks, however, aim for price appreciation, which these calls restrict since they are ITM options.

FTQI: Poor Structure To Extract Dividends From The Nasdaq, 11% Yield

First Trust Nasdaq BuyWrite Income ETF combines a stock portfolio with an index option overlay to generate additional cash flow. The buy-write strategy offers partial hedging against price declines and improved returns in flat or slightly bullish markets. FTQI's top holdings include Apple, Microsoft, Amazon, Meta Platforms, and Nvidia, with a diverse sector composition.

FTQI: Buy-Writing The Nasdaq

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First Trust NASDAQ-100 Equal Weighted Index Fund

Invesco QQQ

Invesco Nasdaq 100 ETF

The Nasdaq-100 Index has been enjoying a huge rally from the start of November and has now hit levels not seen in nearly two years. Investors looking to ride the Nasdaq bulls could consider ETFs.

5 ETF Picks for Booming Nasdaq-100 Surge

First Trust Nasdaq BuyWrite Income ETF is an actively managed fund that holds a portfolio of 157 stocks and writes call options on the Nasdaq 100 index. The FTQI ETF has a 12-month distribution yield of 11.96% and an expense ratio of 0.85%. Compared to its closest competitor, FTQI has lagged behind in performance but has shown improvement in the last 12 months due to a change in strategy.

FTQI: A Change In 2022 Has Put It Closer To Competitors

The FTQI ETF uses a proprietary quantitative method to select U.S. large cap stocks, while adding a call-writing overlay to generate income. Compared to peer funds that employ a buy-write strategy on the Nasdaq 100 Index, the FTQI is the most expensive yet delivers the worst short- and long-term performance. For investors seeking exposure to growth stocks, while generating income from call-writing, I suggest they consider the JEPQ ETF or the QYLG ETF instead.

FTQI: Worst Of Breed Buy-Write ETF On The Nasdaq 100 Index

First Trust Nasdaq BuyWrite Income ETF holds 150 stocks of the Nasdaq Composite and sells calls on the Nasdaq 100 to generate income. The fund has lagged its competitors since inception.

FTQI: 11.8% Yield With A Caveat

First Trust Nasdaq BuyWrite Income ETF writes covered calls on a portfolio that tracks the Nasdaq 100 Index. While there is some risk-management benefit here, there's not nearly enough going for it.

FTQI: Covered Call ETF That Falls Short For Similar Reasons Many Do

News for First Trust Exchange-Traded Fund VI First Trust Nasdaq BuyWrite Income ETF ETF (FTQI)