FT Vest Gold Strategy Target Income ETF (IGLD)
FT Vest Gold Strategy Target Income ETF operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $21.96, up 0.92% on the session, giving a market capitalisation of $552.3M. Its beta of 0.20 implies it has historically moved less than the broad market.
The FT Vest Gold Strategy Target Income ETF, referred to as "the Fund," pursues two primary goals: first, to offer investors exposure to the price fluctuations of the SPDR Gold Trust (its "Underlying ETF"), and second, to deliver a consistent income stream. To achieve these objectives, the Fund allocates the majority of its assets to secure U.S. Treasury securities. Additionally, it invests in a wholly-owned subsidiary. This subsidiary, in turn, holds a portfolio of various exchange-traded options, including specialized FLexible Exchange Options ("FLEX Options"), all of which are designed to track the performance of the aforementioned Underlying ETF.
FT Vest Gold Strategy Target Income ETF is most often compared with the following Financial Services names: