FMP
FT Cboe Vest Gold Target Income ETF
IGLD
AMEX
The fund invests in a portfolio substantially composed of short-term U.S. Treasury securities, cash and cash equivalents, and in the shares of a wholly-owned subsidiary (the “Subsidiary”) that holds FLexible Exchange Options (“FLEX Options”) that reference the price performance of the underlying ETF. It is non-diversified.
18.82 USD
-0.0968 (-0.514%)
N/A
Financial Services
Asset Management - Income
N/A
AMEX
The fund invests in a portfolio substantially composed of short-term U.S. Treasury securities, cash and cash equivalents, and in the shares of a wholly-owned subsidiary (the “Subsidiary”) that holds FLexible Exchange Options (“FLEX Options”) that reference the price performance of the underlying ETF. It is non-diversified.
0001090159
US33733E8562
33733E856
N/A
NA
US
N/A
Mar 4, 2021
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US33733E8562
AMEX
0.15
141.53M
18.37-22.4
71.72k
18.82
US
114.98M
5
21.24
USD
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Seeking Alpha
Aug 20, 2024
The FT Cboe Vest Gold Strategy Target Income ETF aims to provide participation in the returns of holding SPDR Gold Trust while generating current income from writing call options. IGLD has performed as expected, capturing ~69% of GLD's upside since June 2023 while paying a 7.8% yield. With the Fed expected to begin cutting rates in September, I believe IGLD could be an interesting way for yield-oriented investors to participate in the upcoming gold rally.
Seeking Alpha
May 21, 2024
FT Vest Gold Strategy Target Income ETF aims to generate income that exceeds yields on short-term US Treasury securities while providing exposure to gold returns. The ETF invests in a basket of short-term US Treasury securities and cash equivalents, as well as a subsidiary that holds options referencing the performance of SPDR Gold Trust. While the income-generating strategy may be attractive, the ETF underperforms compared to owning gold directly due to the use of options and derivatives.
Seeking Alpha
Dec 11, 2023
The German stock market has gone parabolic in an exceptionally strong move, after meandering over the summer months with sub-par economic releases. The surface reason for this division is that the vast majority of German earnings are not driven by the domestic economy but by their multinational operations.
Seeking Alpha
Jun 26, 2023
The FT Cboe Vest Gold Strategy Target Income ETF aims to provide participation in the returns of holding SPDR Gold Trust while generating current income. The IGLD ETF has underperformed compared to the GLD ETF, with a 1-year return of 2.8% versus GLD's 6.4%. The underperformance raises questions about the effectiveness of IGLD's strategy, as both treasury bill holdings and the underlying asset (GLD) have generated positive returns.
ETF Trends
May 17, 2023
Gold remains one of the more popular commodity exchange-traded products (ETPs). The asset class has found renewed interest recently, as gold prices near record highs.
Seeking Alpha
Mar 14, 2023
While gold equities were up almost twice as much as gold in January, they were down more than twice as much in February. On February 13, B2Gold announced an agreement to acquire junior developer Sabina Gold & Silver in an all-share transaction.
Seeking Alpha
Dec 11, 2022
I am structurally bullish on gold and oil with a multi-year timeframe. Between the two, gold likely has the advantage fundamentally and in terms of current momentum over the next 6-12 months.
ETFcom
Jun 29, 2022
While there may be several reasons for the price of gold to increase, the drawdown may not be complete.