Bringing you live news and features since 2006 

Amplify YieldShares Prime 5 Dividend ETF changes investment objective

RELATED TOPICS​

Amplify YieldShares Prime 5 Dividend ETF (PFV), an exchange-traded index fund and a series of Amplify ETF Trust, has changed its investment objective and will now seek investment results that generally correspond to the price and yield of the Prime Senior Loan and Income CEF Index.

The new index is designed to provide targeted exposure to closed-end funds (CEFs) that invest at least 80 per cent of their assets in floating rate senior loans and other floating rate instruments, pay dividends and are listed in the US. The New Index will be developed, maintained and sponsored by Prime Indexes, which is not affiliated with the Fund, the adviser or sub-adviser.
 
It is also anticipated that on or around August 29, 2017, the Fund will change its name to the Amplify YieldShares Senior Loan and Income ETF. The Fund will list and trade its shares on Bats BZX Exchange under the ticker symbol YESR.

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
ETFs
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by