State Street Global Advisors Expands its Low-Cost SPDR Portfolio ETF Suite with Debut of the SPDR Portfolio Treasury ETF
May 21, 2024--New ETF Provides Cost-Effective, Broad Treasury Exposure to Customize Bond Portfolios
State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced the launch of the SPDR Portfolio Treasury ETF (SPTB).
SPTB further enhances SPDR's Portfolio ETF suite by providing low-cost exposure to US Treasury securities with remaining maturities greater than or equal to one year
Priced at three basis points, SPTB seeks to track the performance of the Bloomberg U.S. Treasury Index.
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Source: statestreet.com
Purpose Investments Announces It Will Switch from T+2 to T+1 Settlements on May 27, 2024
May 21, 2024--Major Milestone Achieved: Transition to T+1 Settlement in Canadian and U.S. Securities Markets
Purpose Investments Inc. ("Purpose Investments" or "Purpose") is pleased to announce its participation in a significant advancement to the operational framework of the Canadian and U.S. securities markets: the transition from a T+2 to T+1 settlement cycle.
In conjunction with Canadian and U.S. security markets, Purpose will shorten its settlement cycles for several funds to T+1 from T+2, effective May 27, 2024. The decision to transition to T+1 settlements comes as part of Purpose's ongoing efforts to stay on the leading edge of evolving market trends and regulatory requirements. By reducing settlement times by one business day, Purpose aims to streamline operations and ensure a quicker and smoother experience for clients buying and selling stocks.
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Source: Purpose Investments Inc.
Kingsview Wealth Management Expands Servicing Relationship with Ultimus to Assist in Launch of Four New ETFs
May 21, 2024--Ultimus to serve as fund administrator for newly launched series of ETFs
Ultimus Fund Solutions (Ultimus), a leading independent provider of full-service, technology-enhanced fund administration, accounting, and investor solutions, is proud to announce that current client Kingsview Wealth Management, LLC ("Kingsview") once more turned to Ultimus to assist in four new ETF launches.
Ultimus first collaborated with Kingsview in March of 2021 to support the launch of the three initial Monarch ETFs. Understanding the need to provide a more expansive product line to investors, Kingsview recently selected Ultimus to assist in launching four additional ETFs, bringing the total number to seven in the fund family.
Ultimus' customizable operational model, experienced team of ETF industry professionals, and established relationships within the ETF ecosystem enabled Kingsview to provide a wider variety of investment strategies to investors.
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Source: Ultimus Fund Solutions
YieldMax Launches Option Income Strategy ETF on the VanEck Gold Miners ETF (GDX)
May 21, 2024--YieldMax announced the launch today of the following ETF:
YieldMax Gold Miners Option Income Strategy ETF (NYSE Arca: GDXY)
GDXY seeks to generate current income via a synthetic covered call strategy on the VanEck Gold Miners ETF (GDX).
UGDXY is actively managed by ZEGA Financial. GDXY does not invest directly in GDX.
GDXY is the newest member of the growing YieldMax ETF family and, like all YieldMax ETFs, aims to deliver current income to investors. Please see table below for distribution and yield information for all outstanding YieldMax ETFs.
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Source: YieldMax
iShares Trust files with the SEC-iShares iBonds 2031 Term High Yield and Income ETF
May 21, 2024-iShares has filed a Post-Effective Amendment, Registration Statement with the SEC for the iShares iBonds 2031 Term High Yield and Income ETF.
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Source: SEC.gov
iShares Trust files with the SEC-iShares iBonds Dec 2030 Term Muni Bond ETF
May 21, 2024-iShares has filed a Post-Effective Amendment, Registration Statement with the SEC for the iShares iBonds Dec 2030 Term Muni Bond ETF.
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Source: SEC.gov
iShares Trust files with the SEC-iShares iBonds Oct 2034 Term TIPS ETF
May 21, 2024-iShares Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the iShares iBonds Oct 2034 Term TIPS ETF.
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Source: SEC.gov
Tidal Trust II files with the SEC-Cambria Chesapeake Pure Trend ETF
May 21, 2024-Tidal Trust II has filed a Post-Effective Amendment, Registration Statement with the SEC for the Cambria Chesapeake Pure Trend ETF.
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Source: SEC.gov
ETF Opportunities Trust files with the SEC-REX AI Equity Premium Income ETF
May 21, 2024-ETF Opportunities Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the REX AI Equity Premium Income ETF.
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Source: SEC.gov
BlackRock ETF Trust files with the SEC-BlackRock Future A.I. and Tech ETF and BlackRock Technology Opportunities ETF
May 21, 2024-BlackRock ETF Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the
BlackRock Future A.I. and Tech ETF
BlackRock Technology Opportunities ETF.
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Source: SEC.gov