Crosspoint Financial LLC Grows Position in FT Vest Gold Strategy Target Income ETF (BATS:IGLD)

Crosspoint Financial LLC raised its position in FT Vest Gold Strategy Target Income ETF (BATS:IGLD) by 45.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,073 shares of the company’s stock after buying an additional 5,008 shares during the quarter. FT Vest Gold Strategy Target Income ETF makes up approximately 1.2% of Crosspoint Financial LLC’s portfolio, making the stock its 16th biggest position. Crosspoint Financial LLC’s holdings in FT Vest Gold Strategy Target Income ETF were worth $347,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IGLD. HFG Wealth Management LLC raised its position in FT Vest Gold Strategy Target Income ETF by 4.1% in the 2nd quarter. HFG Wealth Management LLC now owns 542,459 shares of the company’s stock valued at $10,861,000 after purchasing an additional 21,296 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of FT Vest Gold Strategy Target Income ETF by 9.8% in the first quarter. Janney Montgomery Scott LLC now owns 36,621 shares of the company’s stock valued at $721,000 after buying an additional 3,277 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of FT Vest Gold Strategy Target Income ETF by 17.8% during the second quarter. Cetera Investment Advisers now owns 71,249 shares of the company’s stock worth $1,427,000 after buying an additional 10,750 shares during the last quarter. Avantax Advisory Services Inc. increased its position in FT Vest Gold Strategy Target Income ETF by 19.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 40,564 shares of the company’s stock valued at $799,000 after acquiring an additional 6,659 shares during the period. Finally, Kestra Advisory Services LLC increased its position in FT Vest Gold Strategy Target Income ETF by 10.6% in the 1st quarter. Kestra Advisory Services LLC now owns 836,133 shares of the company’s stock valued at $16,463,000 after acquiring an additional 80,281 shares during the period.

FT Vest Gold Strategy Target Income ETF Trading Up 1.1 %

Shares of IGLD stock traded up $0.24 during midday trading on Friday, hitting $22.01. The company had a trading volume of 34,639 shares. The stock has a 50-day simple moving average of $21.20 and a 200 day simple moving average of $20.52.

FT Vest Gold Strategy Target Income ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, October 1st were given a dividend of $0.1393 per share. The ex-dividend date was Tuesday, October 1st.

FT Vest Gold Strategy Target Income ETF 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.