Arkadios Wealth Advisors Increases Holdings in FT Vest Gold Strategy Target Income ETF

Arkadios Wealth Advisors has increased its investment in FT Vest Gold Strategy Target Income ETF (BATS:IGLD) by 16.4% during the fourth quarter, as per their latest Form 13F filing with the Securities and Exchange Commission. Following the acquisition of an additional 2,436 shares, the fund now holds a total of 17,275 shares in the ETF. This positions Arkadios Wealth Advisors to own approximately 0.36% of FT Vest Gold Strategy Target Income ETF, with a total value of around $326,000 according to their most recent SEC filing.

Several other institutional investors and hedge funds have also adjusted their stakes in IGLD. For instance, Marion Wealth Management raised its holdings by 2.8% during the fourth quarter and currently holds 67,958 shares valued at $1,283,000 after purchasing an additional 1,846 shares. Sanctuary Advisors LLC saw an even larger increase, boosting its position by 40.9% in the third quarter, bringing its total to 147,132 shares worth about $3,200,000 after acquiring an additional 42,695 shares.

Moreover, Integrated Wealth Concepts LLC entered the market with a new position during the third quarter, investing $346,000 in the ETF. HighTower Advisors LLC also saw a modest increase of 1.7% during the same quarter, now owning 70,838 shares valued at $1,523,000, which includes 1,168 additional shares acquired. Similarly, Kingsview Wealth Management LLC raised its stake by 3.2%, resulting in a total of 51,541 shares worth approximately $1,112,000 after adding 1,619 shares.

Recent Performance of FT Vest Gold Strategy Target Income ETF

The FT Vest Gold Strategy Target Income ETF opened at a price of $19.34 on Thursday. It has a 50-day moving average price of $19.47, alongside a 200-day moving average price of $20.53.

Dividend Announcement from FT Vest Gold Strategy Target Income ETF

In other news, the firm recently declared a dividend that was paid on January 3rd. Shareholders who were on record as of January 2nd received a dividend of $0.1138 per share, with the ex-dividend date falling on the same day.

Overview of FT Vest Gold Strategy Target Income ETF

The FT Cboe Vest Gold Target Income ETF (IGLD) is designed as an exchange-traded fund based on the SPDR Gold Trust index. Its goal is to generate income through a long position in the SPDR Gold Trust ETF (GLD) combined with call spreads that use FLEX options, gaining exposure via a wholly-owned subsidiary. The ETF was launched on March 2, 2021, and is managed by First Trust.

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