First Trust Nasdaq BuyWrite Income ETF Price & Performance (FTQI)

The Nasdaq-100 reached a record high of 22,191.37, driven by a surge in tech stocks. Meta Platforms has been a key contributor, with its stock rising 16% since mid-January. Other major players like Nvidia and Microsoft also fueled the rally, as investor confidence grows on easing inflation and strong earnings.12

The First Trust BuyWrite Income ETF has seen increased institutional investments, with US Bancorp DE raising its holdings by 5.2% in Q4. The ETF, which focuses on a covered call strategy, offers a blend of income generation and downside protection, appealing to investors amid market volatility.34

Covered call ETFs, including the TappAlpha SPY Growth ETF and Global X Nasdaq 100 Covered Call ETF, are gaining popularity. These funds offer income generation and risk mitigation, making them attractive in a volatile market. Analysts suggest their performance may outshine in moderate market conditions.56