HFG Wealth Management LLC Has $10.53 Million Position in FT Vest Gold Strategy Target Income ETF $IGLD

HFG Wealth Management LLC reduced its position in shares of FT Vest Gold Strategy Target Income ETF (BATS:IGLD) by 5.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 421,007 shares of the company’s stock after selling 25,580 shares during the quarter. FT Vest Gold Strategy Target Income ETF comprises about 5.8% of HFG Wealth Management LLC’s portfolio, making the stock its 6th biggest position. HFG Wealth Management LLC owned approximately 3.66% of FT Vest Gold Strategy Target Income ETF worth $10,529,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in IGLD. Geneos Wealth Management Inc. grew its stake in FT Vest Gold Strategy Target Income ETF by 20.8% in 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 during the period. Northwestern Mutual Wealth Management Co. bought a new position in shares of FT Vest Gold Strategy Target Income ETF in the 2nd quarter worth $37,000. Cary Street Partners Financial LLC lifted its holdings in shares of FT Vest Gold Strategy Target Income ETF by 55.6% in the 2nd quarter. Cary Street Partners Financial LLC now owns 68,994 shares of the company’s stock worth $1,498,000 after purchasing an additional 24,654 shares in the last quarter. Jane Street Group LLC grew its position in FT Vest Gold Strategy Target Income ETF by 56.7% in the 2nd quarter. Jane Street Group LLC now owns 22,212 shares of the company’s stock valued at $482,000 after purchasing an additional 8,034 shares during the period. Finally, Centaurus Financial Inc. increased its stake in FT Vest Gold Strategy Target Income ETF by 167.0% during the 2nd quarter. Centaurus Financial Inc. now owns 18,142 shares of the company’s stock valued at $394,000 after purchasing an additional 11,347 shares in the last quarter.

FT Vest Gold Strategy Target Income ETF Stock Performance

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

FT Vest Gold Strategy Target Income ETF Cuts Dividend

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

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.