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IGLD - FT Cboe Vest Go...

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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%)

Historical Prices

From:

To:

18.7918.818.8218.8418.8618.8809:30 AM09:45 AM10:06 AM10:21 AM10:44 AM11:02 AM11:28 AM11:48 AM12:16 PM12:44 PM01:10 PM01:52 PM02:07 PM02:32 PM02:57 PM03:17 PM03:28 PM03:45 PM

About

ceo

N/A

sector

Financial Services

industry

Asset Management - Income

website

N/A

exchange

AMEX

Description

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.

CIK

0001090159

ISIN

US33733E8562

CUSIP

33733E856

Address

N/A

Phone

NA

Country

US

Employee

N/A

IPO Date

Mar 4, 2021

Sector Weightings

Country Weightings

Financial Statement

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Earnings

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IGLD Financial Summary

ISIN

US33733E8562

Exchange

AMEX

Beta

0.15

Market Cap

141.53M

52-Week

18.37-22.4

Volume Avg.

71.72k

Price

18.82

Country

US

Management Assets

114.98M

Total Holdings

5

NAV

21.24

NAV Currency

USD

Upgrades and Downgrades

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Latest IGLD News

Seeking Alpha

Aug 20, 2024

IGLD: Gold Participation With An Attractive Yield

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

IGLD: Just Own Gold Outright Instead

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

There Could Be A Simple Explanation For The Dax Moonshot Mov...

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

IGLD: Intriguing High Yield From Unproductive Gold

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

How Taxes Work For Gold ETF & ETP Investments

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

Gold M&A A Bright Spot Amid Volatility

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

Gold Vs. Oil In 2023

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

ETFs To Gain Exposure To Gold

While there may be several reasons for the price of gold to increase, the drawdown may not be complete.

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