FT Vest Investment Grade & Target Income ETF (LQTI)
FT Vest Investment Grade & 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 $18.72, up 0.16% on the session, giving a market capitalisation of $271.4M. Its beta of 0.09 implies it has historically moved less than the broad market.
The FT Vest Investment Grade & Target Income ETF is designed primarily to offer investors a steady stream of income, with a secondary aim of achieving capital growth. In its typical operation, the Fund pursues these goals by holding U.S. Treasury securities and employing an options strategy. This strategy involves both purchasing and selling U.S. exchange-traded call options—including Flexible Exchange (FLEX) options—whose underlying asset is the iShares iBoxx Investment Grade Corporate Bond ETF. The Fund generally commits at least 80% of its net assets (including any funds borrowed for investment purposes) to holdings that provide exposure to investment-grade debt or other income-producing assets.
FT Vest Investment Grade & Target Income ETF is most often compared with the following Financial Services names: