First Trust Nasdaq BuyWrite Income ETF (FTQI) NASDAQ
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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
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.