The week ending November 3, 2023, saw a good number of new ETFs enter the market as well as several closures.
More New ETFs
JPMorgan launched an actively managed ETF that invests in companies across the broad health care sector at the global level. The (JDOC ) uses the issuer’s in-house research to select leaders in the space. It has an expense ratio of 0.65% and lists on the Nasdaq stock market.
Kurv also added another three ETFs to its growing lineup of single-stock options strategies. The new funds are as follows:
Each fund applies a synthetic covered call options strategy to its reference equity with the intention of providing exposure to the stock’s price movement as well as options-related income. The funds all have expense ratios of 0.99% and list on Cboe Global Markets.
Several closures completed during the week, and another three fund shutdowns were announced.
The (TUNE ) will also close, with its last day of trading set for Nov. 16. The fund will be a little less than five months old when it shuts down.
Another five ETFs from BlackRock closed during the week, after their last day of trading on Monday. They include the following:
Also during the week, two ETFs underwent material changes. The NEAR) changed its name to the DriveWealth NYSE 100 Index ETF and its index from the DriveWealth ICE 100 Index to the DriveWealth NYSE 100 Index.
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