Insights into FTQI Dividend Trends, History, and Data for 2024 - Including Dividend Yield, Payout Ratios, and Trust NASDAQ BuyWrite Income ETF
FTQI - Market Position
| Ticker Symbol | Product Type | Asset Class | Strategy | Payment Frequency | Geographic Focus | Expense Ratio | Sponsor |
|---|---|---|---|---|---|---|---|
| FTQI | ETF | Equity Dividend ETF | NASDAQ BuyWrite Income | Varies | Global | 0.75% | First Trust |
FTQI Overview - The First Trust Nasdaq BuyWrite Income ETF
The First Trust Nasdaq BuyWrite Income ETF stands as an actively managed investment vehicle, strategically positioned to yield returns surpassing the average yield on U.S. stocks while fostering opportunities for consistent principal growth in line with prudent stock investing practices. With a commitment to allocating a significant portion of its assets to equity securities, FTQI predominantly targets companies with substantial market capitalizations, focusing primarily on dividend-paying stocks of established U.S. companies.
FTQI’s investment strategy employs a fundamental approach to identify attractively valued companies poised for sustained dividend growth. The fund’s portfolio is divided into segments managed by individual managers who make their own investment decisions, allowing for diversification.
As of May 01, 2024, FTQI exhibited an average yield of 11.89%, a metric tracked and reported by Morningstar. Investors keenly observe FTQI’s real-time stock price movements and dividend track record via platforms such as TipRanks.
While acknowledging the caveat that past performance does not guarantee future outcomes, FTQI’s focus on dividend-paying stocks of robust companies holds appeal for investors seeking income streams that outpace broader market averages, coupled with prospects for long-term capital appreciation.
FTQI - Price / Yield
FTQI - Portfolio and Asset Allocation
The First Trust Nasdaq BuyWrite Income ETF is a fund focusing on large-cap, dividend-paying stocks across various sectors. The top holdings reveal a mix of companies from different industries, such as technology (Microsoft Corp., Nvidia Corporation), consumer cyclical (Apple Inc., Amazon.Com, Inc.), industrials (Broadcom Inc., Costco Wholesale Corp.), communication services (Meta Platforms, Inc.), and healthcare (Meta Platforms, Inc.).
The asset allocation further reinforces the fund's diversification strategy, with investments spread across multiple sectors. Technology (50.58%) and Communication Services (14.31%) make up the largest allocations, followed by Consumer Cyclical (11.11%) and Healthcare (6.08%). This sector distribution suggests that the fund managers seek to balance income generation and growth potential while managing risk through exposure to a variety of industries.
The presence of companies like Microsoft Corp., Apple Inc., and Nvidia Corporation among the top holdings indicates a focus on established, dividend-paying companies with strong market positions. These companies often have a history of consistent dividend payouts and are generally considered to be more stable investments.
However, it's important to note that the fund also has exposure to sectors like Consumer Cyclical (11.11%) and Healthcare (6.08%), which can be more volatile and sensitive to market conditions. Nonetheless, the relatively lower allocations to these sectors suggest that the fund managers are cautious about overexposure to potentially risky areas.
Top 10 Holdings
As of May 07, 2024, the top 10 holdings of the First Trust Nasdaq BuyWrite Income ETF (FTQI) are:
| Name | Weight |
|---|---|
| Microsoft Corp. | 8.45% |
| Apple Inc. | 7.92% |
| Nvidia Corporation | 4.70% |
| Amazon.Com, Inc. | 4.29% |
| Broadcom Inc. | 4.01% |
| Meta Platforms, Inc. | 3.82% |
| Costco Wholesale Corp. | 2.67% |
| Alphabet Inc. Class C | 2.40% |
| Alphabet Inc. Class A | 2.39% |
Asset Allocation
The First Trust Nasdaq BuyWrite Income ETF (FTQI) has the following asset allocation as of May 07, 2024:
| Sector | Weight |
|---|---|
| Technology | 50.58% |
| Communication Services | 14.31% |
| Consumer Cyclical | 11.11% |
| Healthcare | 6.08% |
| Financial | 4.00% |
| Industrials | 3.44% |
| Consumer Defensive | 2.86% |
| Energy | 2.20% |
| Utilities | 1.94% |
| Basic Materials | 1.82% |
| Real Estate | 1.64% |
| General | 0.03% |
Dividend Yield and Distribution History
| Section | Details |
|---|---|
FTQI Dividend Data |
The First Trust Nasdaq BuyWrite Income ETF pays quarterly dividends. The most recent ex-dividend date was on April 23, 2024, with a dividend payment of $0.204 per share on April 30, 2024. |
FTQI Dividend Yield |
As of May 1, 2024, the 30-day SEC yield for FTQI is 11.89%. This implies that for every $100 invested in the fund, investors would receive $11.89 in dividends per year, assuming the yield remains constant. |
FTQI Dividend History |
FTQI has a history of paying quarterly dividends. The dividend payments may vary based on the performance of the underlying dividend-paying stocks held by the fund. |
FTQI Dividend Growth |
FTQI's dividend payments are reliant on the dividend growth and performance of the underlying stocks in the fund's portfolio. The fund's investment strategy centers on companies with a history of consistent dividend growth, which may contribute to increasing dividend payments over time. However, dividend growth is not assured. |
FTQI Dividend Stability |
FTQI aims to provide a relatively stable income stream by investing in high-quality, dividend-paying stocks of larger U.S. companies. However, the dividend payments are not guaranteed and may be influenced by changes in market conditions or the performance of the underlying stocks in the fund's portfolio. |
FTQI - Chart
FTQI - Comparative Analysis
Let's compare FTQI with prominent competitors, focusing on key aspects like performance, fees, and strategy: (as of May 2024)
| FTQI | VIG | DVY | |
|---|---|---|---|
| Investment Focus | Strategically positioned for returns exceeding average yield, growth potential in U.S. stocks | Focused on companies with a history of increasing dividends over time | Tracks the Dow Jones U.S. Select Dividend Index, emphasizing consistent dividend payers |
| Current Yield | 11.89% | 1.81% | 3.72% |
| Expense Ratio | 0.75% | 0.06% | 0.38% |
| Investment Strategy | Actively managed, aims for consistent dividend growth, focuses on attractively valued companies | Passively follows companies with a history of increasing dividends | Passively tracks high-dividend-yielding U.S. stocks |
| Strengths | High yield, active management, focus on value | Low expense ratio, focus on dividend growth | Consistent dividend payers, relatively high yield |
| Weaknesses | Higher expense ratio, potential for underperformance due to active management | Lower yield compared to some other dividend ETFs | Higher expense ratio, potential for underperformance in non-dividend focused markets |
Dividend History (Last 5 distributions)
| Ex-Dividend Date | Cash Amount | Record Date | Pay Date |
|---|---|---|---|
| Apr 23, 2024 | $0.20 | Apr 24, 2024 | Apr 30, 2024 |
| Mar 21, 2024 | $0.20 | Mar 22, 2024 | Mar 28, 2024 |
| Feb 21, 2024 | $0.20 | Feb 22, 2024 | Feb 29, 2024 |
| Jan 23, 2024 | $0.20 | Jan 24, 2024 | Jan 31, 2024 |
| Dec 22, 2023 | $0.19 | Dec 26, 2023 | Dec 29, 2023 |
News
Technical Analysis
Additional Information and Risks
The First Trust Nasdaq BuyWrite Income Trust (FTQI) stands as a stalwart in the realm of dividend investing, offering shareholders a reliable stream of income. As an Exchange-Traded Fund (ETF), FTQI boasts a stellar track record of monthly dividend payments, exemplifying its steadfast commitment to providing consistent returns to investors.
For instance, on April 30, 2024, FTQI disbursed a dividend of $0.204 per share, reinforcing its reputation as a dependable income-generating asset. This regularity in dividend payments underscores FTQI's dedication to meeting the income needs of its shareholders, making it a reliable choice for income-focused investors.
Delving into FTQI's dividend yield history offers valuable insights into the fund's performance trajectory and its appeal to income-focused investors. By scrutinizing FTQI's dividend payout ratios over time, stakeholders gain a holistic understanding of the fund's ability to generate steady income streams.
This comprehensive analysis of FTQI's dividend distribution patterns underscores its reliability and sustainability in delivering shareholder value. Investors rely on FTQI's dividends as a cornerstone of their investment portfolios, leveraging the fund's robust dividend history and stellar performance to enhance their overall returns.
With a keen eye on fundamental analysis and market trends, FTQI continues to navigate the evolving investment landscape with agility, making it a preferred choice for income-seeking investors seeking stability and growth in their portfolios. As shareholders eagerly anticipate the next ex-dividend date and dividend announcement, FTQI remains poised to deliver value and dividends to its investors, reinforcing its position as a market leader in dividend-focused ETFs.