FT Vest Gold Strategy Target Income ETF (BATS:IGLD) Trading Down 1.3% – Here’s Why

FT Vest Gold Strategy Target Income ETF (BATS:IGLD)’s stock price was down 1.3% during mid-day trading on Thursday . The stock traded as low as $25.00 and last traded at $25.06. Approximately 326,488 shares were traded during mid-day trading, an increase of 12% from the average daily volume of 292,236 shares. The stock had previously closed at $25.40.

FT Vest Gold Strategy Target Income ETF Stock Down 1.3%

The firm has a 50 day moving average price of $26.44 and a 200-day moving average price of $25.94.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IGLD. Northwestern Mutual Wealth Management Co. purchased a new position in FT Vest Gold Strategy Target Income ETF during the second quarter valued at approximately $37,000. Triumph Capital Management raised its position in FT Vest Gold Strategy Target Income ETF by 574.3% during the fourth quarter. Triumph Capital Management now owns 2,023 shares of the company’s stock valued at $51,000 after acquiring an additional 1,723 shares in the last quarter. Geneos Wealth Management Inc. raised its position in FT Vest Gold Strategy Target Income ETF by 20.8% during the first quarter. Geneos Wealth Management Inc. now owns 2,823 shares of the company’s stock valued at $59,000 after acquiring an additional 486 shares in the last quarter. Capital Investment Advisory Services LLC raised its position in FT Vest Gold Strategy Target Income ETF by 1,130.5% during the fourth quarter. Capital Investment Advisory Services LLC now owns 5,045 shares of the company’s stock valued at $126,000 after acquiring an additional 4,635 shares in the last quarter. Finally, Annex Advisory Services LLC purchased a new stake in shares of FT Vest Gold Strategy Target Income ETF in the third quarter valued at approximately $207,000.

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.