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Upturn AI SWOT - About
First Trust Nasdaq BuyWrite Income ETF (FTQI)
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Upturn Advisory Summary
04/01/2025: FTQI (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type ETF | Historic Profit 17.49% | Avg. Invested days 63 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Volume (30-day avg) 209523 | Beta 0.72 | 52 Weeks Range 16.84 - 20.93 | Updated Date 04/2/2025 |
52 Weeks Range 16.84 - 20.93 | Updated Date 04/2/2025 |
Upturn AI SWOT
First Trust Nasdaq BuyWrite Income ETF
ETF Overview
Overview
The First Trust Nasdaq BuyWrite Income ETF (FTLB) seeks current income while maintaining opportunities for capital appreciation. It employs a strategy of writing (selling) call options on the Nasdaq-100 Index. The fund focuses on equity income through option premiums.
Reputation and Reliability
First Trust is a well-established and reputable ETF provider with a long history of offering innovative investment products.
Management Expertise
First Trust has a team of experienced professionals dedicated to managing its ETF offerings.
Investment Objective
Goal
To seek current income with capital appreciation as a secondary goal.
Investment Approach and Strategy
Strategy: The ETF implements a buy-write or covered call strategy on the Nasdaq-100 Index.
Composition The ETF holds stocks included in the Nasdaq-100 Index and generates income by selling call options on that index.
Market Position
Market Share: Market share information is not readily available as a standalone figure.
Total Net Assets (AUM): 757482000
Competitors
Key Competitors
- QYLD
- XYLD
- JEPI
Competitive Landscape
The covered call ETF market is competitive, with several funds offering similar strategies. FTLB's advantage lies in First Trust's established reputation and a slightly different approach to option writing. Disadvantages include that the overall market is dominated by other players such as QYLD, XYLD and JEPI.
Financial Performance
Historical Performance: Historical performance data would need to be retrieved from financial data providers.
Benchmark Comparison: The performance benchmark is the Nasdaq-100 Index and the CBOE Nasdaq-100 BuyWrite Index (BXN).
Expense Ratio: 0.85
Liquidity
Average Trading Volume
The ETF exhibits moderate liquidity, as evidenced by its average trading volume.
Bid-Ask Spread
The bid-ask spread is generally tight, indicating relatively low trading costs.
Market Dynamics
Market Environment Factors
Interest rates, equity market volatility, and the performance of the technology sector all impact FTLB. The level of the Nasdaq 100 also directly impacts the option premium received.
Growth Trajectory
The growth trajectory is dependent on market conditions and investor demand for income-generating strategies. Changes to holdings are infrequent and related to maintaining the index holdings.
Moat and Competitive Advantages
Competitive Edge
FTLB benefits from First Trust's strong brand recognition and distribution network. Its strategy provides a consistent income stream. It targets investors seeking both income and exposure to the technology sector. The fund provides a diversified approach to covered call writing by covering the entire Nasdaq-100.
Risk Analysis
Volatility
The ETF exhibits moderate volatility, influenced by the underlying Nasdaq-100 index and the option writing strategy.
Market Risk
The ETF is subject to market risk associated with equity investments, particularly in the technology sector. The covered call strategy limits upside potential in rapidly rising markets.
Investor Profile
Ideal Investor Profile
The ideal investor is seeking current income and has a moderate risk tolerance. Retirees, income-seeking investors, and those looking for alternative income streams may find it appealing.
Market Risk
The ETF is suitable for long-term investors seeking income, but it may not be ideal for active traders due to the limitations of the covered call strategy.
Summary
First Trust Nasdaq BuyWrite Income ETF offers exposure to the Nasdaq-100 index while generating income through covered call options. It is suitable for income-seeking investors with a moderate risk tolerance. The fund's performance is influenced by market volatility and the Nasdaq-100's performance. The covered call strategy provides income but limits potential capital appreciation. The fund's expense ratio is moderate relative to other covered call ETFs.
Similar Companies
- QYLD
- XYLD
- RYLD
- JEPI
- JEPQ
Sources and Disclaimers
Data Sources:
- First Trust Website
- ETF.com
- Morningstar
Disclaimers:
This data is for informational purposes only and does not constitute financial advice. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About First Trust Nasdaq BuyWrite Income ETF
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund will pursue its investment objective by investing primarily in equity securities listed on U.S. exchanges and by utilizing an "option strategy" consisting of writing (selling) U.S. exchange-traded call options on the Nasdaq-100 Index ®. The call options written by the fund will have expirations of less than one year, and will be typically written at-the-money to out-of-the-money.
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