
First Trust Nasdaq BuyWrite Income ETF (FTQI)
FTQI Price Chart
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FTQI ETF Profile
Key details and information about First Trust Nasdaq BuyWrite Income ETF (FTQI).
Sector Focus
Financial Services
Industry
Asset Management - Income
Inception Date
7 Jan 2014
Country
US
Description
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.
FTQI ETF Performance
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