FT Vest Gold Strategy Target Income ETF $IGLD Shares Sold by HFG Wealth Management LLC

HFG Wealth Management LLC reduced its stake in shares of FT Vest Gold Strategy Target Income ETF (BATS:IGLD) by 5.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 421,007 shares of the company’s stock after selling 25,580 shares during the period. FT Vest Gold Strategy Target Income ETF comprises about 5.8% of HFG Wealth Management LLC’s investment portfolio, making the stock its 6th largest holding. HFG Wealth Management LLC’s holdings in FT Vest Gold Strategy Target Income ETF were worth $10,529,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. purchased a new position in shares of FT Vest Gold Strategy Target Income ETF during the second quarter valued at approximately $37,000. Geneos Wealth Management Inc. raised its position in FT Vest Gold Strategy Target Income ETF by 20.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,823 shares of the company’s stock valued at $59,000 after buying an additional 486 shares during the last quarter. Annex Advisory Services LLC bought a new position in FT Vest Gold Strategy Target Income ETF during the 3rd quarter valued at $207,000. Calton & Associates Inc. bought a new position in FT Vest Gold Strategy Target Income ETF during the 3rd quarter valued at $208,000. Finally, Global Assets Advisory LLC purchased a new position in FT Vest Gold Strategy Target Income ETF during the 3rd quarter worth $217,000.

FT Vest Gold Strategy Target Income ETF Trading Down 0.7%

BATS IGLD opened at $25.35 on Thursday. FT Vest Gold Strategy Target Income ETF has a 1 year low of $19.70 and a 1 year high of $30.42. The company has a fifty day moving average price of $27.23 and a 200-day moving average price of $25.75.

FT Vest Gold Strategy Target Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, March 3rd. Investors of record on Monday, March 2nd were issued a dividend of $0.4962 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 23.5%.

About FT Vest Gold Strategy Target Income ETF

The FT Cboe Vest Gold Target Income ETF (IGLD) is an exchange-traded fund that is based on the SPDR Gold Trust index. The fund aims to generate income from a long position in SPDR Gold Trust ETF (GLD) and call spreads utilizing FLEX options. The fund gains exposure through a wholly-owned subsidiary. IGLD was launched on Mar 2, 2021 and is managed by First Trust.