Prosperity Financial Group Inc. Invests $3.39 Million in FT Vest Investment Grade & Target Income ETF $LQTI

Prosperity Financial Group Inc. purchased a new stake in shares of FT Vest Investment Grade & Target Income ETF (NYSEARCA:LQTI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 166,635 shares of the company’s stock, valued at approximately $3,387,000. FT Vest Investment Grade & Target Income ETF comprises 1.4% of Prosperity Financial Group Inc.’s holdings, making the stock its 19th biggest holding.

Several other institutional investors have also added to or reduced their stakes in the company. Harbour Investments Inc. purchased a new position in shares of FT Vest Investment Grade & Target Income ETF in the second quarter valued at about $122,000. LexAurum Advisors LLC bought a new position in shares of FT Vest Investment Grade & Target Income ETF in the 2nd quarter worth about $244,000. Independent Wealth Network Inc. purchased a new position in FT Vest Investment Grade & Target Income ETF during the 2nd quarter valued at about $1,814,000. TFB Advisors LLC bought a new stake in FT Vest Investment Grade & Target Income ETF during the first quarter worth about $247,000. Finally, Avantax Advisory Services Inc. purchased a new stake in FT Vest Investment Grade & Target Income ETF in the first quarter worth about $1,353,000.

FT Vest Investment Grade & Target Income ETF Trading Up 0.2%

LQTI stock opened at $20.56 on Thursday. The firm has a 50 day moving average price of $20.35 and a 200-day moving average price of $20.14. FT Vest Investment Grade & Target Income ETF has a 52-week low of $19.45 and a 52-week high of $20.61.

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.