First Trust Nasdaq BuyWrite Income ETF (FTQI) NASDAQ

Currency In USD

AD

First Trust Nasdaq BuyWrite Income ETF

Address

120 East Liberty Drive, Suite 400

Wheaton, IL 60187

United States of America (the)

Phone

1-800-621-1675

Sector

Financial Services

Industry

Asset Management - Income

Employees

N/A

First IPO Date

January 07, 2014

Key Executives

N/A
AD

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.

AD