FT Vest Gold Strategy Target Income ETF (BATS:IGLD) Shares Down 2.2% – Time to Sell?

FT Vest Gold Strategy Target Income ETF (BATS:IGLD)’s share price dropped 2.2% on Monday . The stock traded as low as $20.46 and last traded at $20.55. Approximately 307,696 shares were traded during mid-day trading, a decline of 3% from the average session volume of 316,684 shares. The stock had previously closed at $21.02.

FT Vest Gold Strategy Target Income ETF Price Performance

The business has a 50-day simple moving average of $22.65 and a 200-day simple moving average of $25.11.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of FT Vest Gold Strategy Target Income ETF in the second quarter valued at $37,000. Torren Management LLC acquired a new position in FT Vest Gold Strategy Target Income ETF during the 1st quarter worth $51,000. Triumph Capital Management increased its holdings in FT Vest Gold Strategy Target Income ETF by 574.3% during the 4th quarter. Triumph Capital Management now owns 2,023 shares of the company’s stock worth $51,000 after purchasing an additional 1,723 shares during the period. Geneos Wealth Management Inc. increased its holdings in FT Vest Gold Strategy Target Income ETF by 18.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,678 shares of the company’s stock worth $68,000 after purchasing an additional 420 shares during the period. Finally, Western Wealth Management LLC acquired a new stake in FT Vest Gold Strategy Target Income ETF in the first quarter valued at approximately $76,000.

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.