FT Vest Gold Strategy Target Income ETF (BATS:IGLD) Trading 16.5% Higher – What’s Next?

FT Vest Gold Strategy Target Income ETF (BATS:IGLD)’s share price was up 16.5% on Monday . The stock traded as high as $19.12 and last traded at $22.19. Approximately 27,784 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 60,361 shares. The stock had previously closed at $19.05.

FT Vest Gold Strategy Target Income ETF Stock Up 16.5 %

The business has a fifty day moving average price of $20.40 and a 200-day moving average price of $20.27.

FT Vest Gold Strategy Target Income ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.1203 per share. This is a boost from FT Vest Gold Strategy Target Income ETF’s previous dividend of $0.12. The ex-dividend date was Monday, March 3rd.

Institutional Investors Weigh In On FT Vest Gold Strategy Target Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bullseye Investment Management LLC bought a new position in shares of FT Vest Gold Strategy Target Income ETF during the 4th quarter valued at $681,000. Kestra Investment Management LLC bought a new position in FT Vest Gold Strategy Target Income ETF in the fourth quarter valued at about $81,000. Cambridge Advisors Inc. boosted its position in FT Vest Gold Strategy Target Income ETF by 26.4% in the fourth quarter. Cambridge Advisors Inc. now owns 17,828 shares of the company’s stock worth $337,000 after purchasing an additional 3,719 shares during the last quarter. Sanctuary Advisors LLC grew its stake in shares of FT Vest Gold Strategy Target Income ETF by 14.2% during the 4th quarter. Sanctuary Advisors LLC now owns 168,052 shares of the company’s stock valued at $3,282,000 after purchasing an additional 20,920 shares during the period. Finally, Marion Wealth Management increased its position in shares of FT Vest Gold Strategy Target Income ETF by 2.8% during the 4th quarter. Marion Wealth Management now owns 67,958 shares of the company’s stock valued at $1,283,000 after purchasing an additional 1,846 shares during the last quarter.

FT Vest Gold Strategy Target Income ETF Company Profile

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.