Independent Financial Group LLC Takes Position in FT Vest Investment Grade & Target Income ETF $LQTI

Independent Financial Group LLC bought a new stake in FT Vest Investment Grade & Target Income ETF (NYSEARCA:LQTI) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 82,628 shares of the company’s stock, valued at approximately $1,618,000. Independent Financial Group LLC owned 0.58% of FT Vest Investment Grade & Target Income ETF as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC acquired a new position in FT Vest Investment Grade & Target Income ETF during the fourth quarter worth approximately $216,000. Integrated Wealth Concepts LLC acquired a new stake in shares of FT Vest Investment Grade & Target Income ETF in the fourth quarter valued at approximately $251,000. Envestnet Asset Management Inc. purchased a new position in shares of FT Vest Investment Grade & Target Income ETF during the third quarter worth approximately $336,000. IFP Advisors Inc grew its position in shares of FT Vest Investment Grade & Target Income ETF by 34.9% during the fourth quarter. IFP Advisors Inc now owns 17,329 shares of the company’s stock worth $349,000 after acquiring an additional 4,483 shares during the last quarter. Finally, Maridea Wealth Management LLC acquired a new position in shares of FT Vest Investment Grade & Target Income ETF in the 1st quarter valued at $375,000.

FT Vest Investment Grade & Target Income ETF Stock Performance

Shares of NYSEARCA:LQTI opened at $19.05 on Monday. The firm has a fifty day moving average price of $19.27 and a 200 day moving average price of $19.61. FT Vest Investment Grade & Target Income ETF has a 1-year low of $18.89 and a 1-year high of $22.17.

FT Vest Investment Grade & Target Income ETF Company Profile

The FT Vest Investment Grade & Target Income ETF (LQTI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that seeks to provide current income and capital appreciation through a synthetic long exposure to the iShares iBoxx Investment Grade Corporate Bond ETF (LQD) and a partial covered call strategy. It seeks an annual rate of approximately 5% over LQDs current annual yield. LQTI was launched on Feb 12, 2025 and is issued by First Trust.