FT Vest Gold Strategy Target Income ETF (BATS:IGLD) Trading 0.2% Higher – Time to Buy?

FT Vest Gold Strategy Target Income ETF (BATS:IGLD)’s share price traded up 0.2% during mid-day trading on Monday . The stock traded as high as $22.73 and last traded at $22.64. 433,488 shares changed hands during trading, an increase of 43% from the average session volume of 302,650 shares. The stock had previously closed at $22.59.

FT Vest Gold Strategy Target Income ETF Stock Performance

The stock’s 50-day moving average is $24.54 and its two-hundred day moving average is $25.80.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. bought a new position in FT Vest Gold Strategy Target Income ETF during the second quarter valued at approximately $37,000. Torren Management LLC bought a new stake in FT Vest Gold Strategy Target Income ETF in the 1st quarter worth approximately $51,000. Triumph Capital Management increased its stake in FT Vest Gold Strategy Target Income ETF by 574.3% in the 4th quarter. Triumph Capital Management now owns 2,023 shares of the company’s stock worth $51,000 after acquiring an additional 1,723 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of FT Vest Gold Strategy Target Income ETF by 20.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,823 shares of the company’s stock worth $59,000 after acquiring an additional 486 shares in the last quarter. Finally, Western Wealth Management LLC bought a new position in shares of FT Vest Gold Strategy Target Income ETF during the 1st quarter valued at approximately $76,000.

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.