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First Trust Introduces a Small and Mid Cap Dividend Achievers Target Income ETF
November 5, 2024--FT Portfolios Canada Co. ("First Trust Canada"), announced today that it has launched units of First Trust Vest SMID Rising Dividend Achievers Target Income ETF (the "Fund" and "SDVD"). Units of the Fund will commence trading on Cboe Canada Inc. at market open today. The ticker symbol for the units is SDVD.
The Fund seeks to provide investors with current income with a secondary objective of providing capital appreciation by investing primarily in a portfolio of equity securities included in the Nasdaq US Small Mid Cap Rising Dividend AchieversTM Index (the "Index") as well as listed options on the Russell 2000 Index or exchange-traded funds that track the Russell 2000 Index. The Fund will seek to achieve its investment objectives by investing all or substantially all of its assets in FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD), a U.S.-listed ETF which is managed by an affiliate of First Trust Canada that has substantially similar investment objectives as the Fund.
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Source: FT Portfolios Canada Co.
Purpose Investments Unveils New Meta and AMD Single-Stock Yield Shares ETFs in Its Acclaimed Yield Shares Suite
November 5, 2024--Investors now have a new way to invest in Meta Platforms Inc. ("Meta") and Advanced Micro Devices, Inc. ("AMD") that combines tax-efficient monthly income with long-term growth potential
Purpose Investments Inc. ("Purpose Investments") is excited to announce the addition of two new single-stock ETFs to its Yield Shares by Purpose ("Yield Shares") suite of funds: the Meta (META) Yield Shares Purpose ETF (Cboe ticker: YMET) and the AMD (AMD) Yield Shares Purpose ETF (Cboe ticker: YAMD).
These latest additions to the industry-leading Yield Shares suite reflect increasing client interest and Purpose's commitment to offering innovative and outcome-oriented investment products for investors seeking both income and growth opportunities.
Key Benefits:
Monthly Distribution: Investors receive an enhanced* monthly income in addition to any dividends from the underlying stock.
Growth Potential: Investors can participate in the long-term growth potential of Meta and AMD, respectively-companies at the forefront of technological innovation.
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Source: Purpose Investments Inc.
Overlay Shares to Transfer Funds to Cboe BZX Exchange
November 5, 2024--The Overlay Shares ETFs, managed by parent company Liquid Strategies, LLC, announced their suite of ETFs will transfer to the Cboe BZX Exchange on or around November 25th, 2024.
Current shareholders are not required to take any action, nor is the transfer expected to have any effect on the trading of fund shares.
The following ETFs are transferring to the Cboe BZX Exchange:
Overlay Shares Large Cap Equity ETF (ticker: OVL)
Overlay Shares Small Cap Equity ETF (ticker: OVS)
Overlay Shares Foreign Equity ETF (ticker: OVF)
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Source: Liquid Strategies, LLC
Spirit Blockchain Capital Strengthens its Ecosystem Position with Acquisition of Dogecoin Holdings
November 5, 2024- Spirit Blockchain Capital Inc. (CSE: SPIR) ("Spirit" or the "Purchaser"), a focused blockchain technology and digital asset management company, is pleased to provide an update to its October 8, 2024 press release announcing the acquisition of Dogecoin Portfolio Holdings Corp. ("Dogecoin Holdings"), a company founded by a team of visionary entrepreneurs and supporters of Dogecoin (DOGE), one of the largest cryptocurrencies by market capitalization.
Under the terms of the binding purchase agreement, Spirit will acquire all of the issued and outstanding securities of Dogecoin Holdings, including common shares and share purchase warrants, from the Company's shareholders (the "Vendors").
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Source: Spirit Blockchain Capital Inc.
Low-volatility ETFs lose favour as investors jump to buffered peers
November 1, 2024--Despite poor returns in recent years, analysts say people could be missing out on their long-term investment potential
Low-and minimum-volatility funds are haemorrhaging money as performance continues to disappoint and investors shift to a newer, shinier way of managing risk in equity markets.
Investors have pulled $43.8bn from US-listed low-volatility exchange traded funds since February 2020, according to data from State Street Global Advisors, with just one month of positive flows in the past 22.
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Source: ft.com
BlackRock becomes latest, largest firm to seek approval for ETF share class
October 31, 2024--BlackRock Inc., opens new tab on Wednesday filed an application with the U.S. Securities & Exchange Commission seeking approval to create exchange-traded fund classes for its mutual funds.
The asset management giant is the latest and by far the largest among more than 30 money managers that have made similar requests since a patent on the ETF share class structure held by Vanguard expired in May 2023.
The SEC does not have a deadline to rule on those applications, and the agency so far has only allowed Vanguard to offer both exchange-traded shares and traditional units within the same mutual fund..
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Source: reuters.com
Roundhill Investments Launches S&P 500 Target 20 Managed Distribution ETF (XPAY)
October 31, 2024-XPAY seeks to pay monthly return of capital distributions at an annualized rate of 20%.
Roundhill Investments, an ETF sponsor focused on innovative financial products, is pleased to announce the launch of the Roundhill S&P 500Target 20 Managed Distribution ETF (XPAY), which begins trading on NYSE Arca today.
XPAY is designed to offer investors the potential for monthly return of capital distributions while providing exposure to the S&P 500.
XPAY is specifically designed to meet the needs of income-oriented investors. By providing exposure to the S&P 500, the fund may serve as an alternative for financial advisors and investors who otherwise may opt to sell equity holdings, and therefore incur capital gains, to meet their monthly financial needs.
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Source: Roundhill Investments
US broker Schwab to roll out broader overnight trading platform
October 30, 2024--Charles Schwab Corp, opens new tab plans to expand the availability of 24-hour trading to include all stocks in major U.S. indexes as well as hundreds of ETFs beginning in about two weeks, the brokerage said in a statement on Wednesday.
The move comes amid burgeoning interest in extended hours trading from retail investors that is driving some brokers and exchanges to expand their offerings.
Last Friday, the New York Stock Exchange, a division of Intercontinental Exchange, opens new tab, said it would file for permission to extend its trading hours to 22 hours each business day.
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Source: reuters.com
Defiance ETFs Announces Increase in Leverage for MSTX and SMST ETFs to 2x
October 29, 2024--Defiance ETFs, a pioneer in leveraged single-stock ETFs, is excited to announce an increase in leverage for two of its flagship products, MSTX and SMST, from 1.75x and 1.5x respectively to 2x daily target exposure. This change marks a strategic enhancement, positioning Defiance to stay at the forefront of the market amid increased investor interest.
MSTX, Defiance's first-of-its-kind leveraged ETF providing long exposure to MicroStrategy (NASDAQ: MSTR), will now deliver 2x daily targeted exposure, enhancing potential returns for investors seeking amplified access to MicroStrategy’s price movements. MicroStrategy, a leader in data analytics and one of the largest corporate holders of Bitcoin, presents an innovative investment vehicle for investors looking to capitalize on the unique and volatile dynamics of the cryptocurrency market.
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Source: Defiance ETFs
Amplify ETFs Launches Targeted 12% Annual Option Premium Fixed Income ETF: Amplify Bloomberg U.S. Treasury Target High Income ETF (CBOE: TLTP)
October 29, 2024--Collaboration with Samsung Asset Management and Bloomberg delivers the potential for high, consistent income in new, covered call fixed income ETF
Amplify ETFs announces the launch of the Amplify Bloomberg U.S. Treasury Target High Income ETF (CBOE: TLTP).
TLTP allows investors to tap into the stability of U.S. Treasuries while seeking to generate high, consistent levels of income through a dynamic rules-based covered call* option strategy.
TLTP seeks to track the performance (before fees and expenses) of the Bloomberg U.S. Treasury 20+ Year 12% Premium Covered Call 2.0 Index, which is designed to provide a targeted annualized option premium income of 12% through writing weekly covered call options. This approach seeks to generate higher levels of income from targeted 12% option premium income as well as the underlying U.S. Treasuries. The Fund has a monthly distribution frequency.
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Source: Amplify ETFs