ETF Odds & Ends: State Street Closing 10 Funds

Plus, there are some splits and name changes to report.

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Reviewed by: Heather Bell
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Edited by: Heather Bell

Closures were off to a slow start in January, with only three completed by the end of the month compared with seven during January in 2020. However, State Street Global Advisors announced last week that it will shutter 10 of its ETFs in March, with a liquidation date projected for March 24.

The following ETFs will see their last day of trading on March 18:

Additional Launches
There were also a number of launches during last week in addition to the ones that ETF.com has already covered. On Jan. 26, Morgan Creek Capital teamed up with Exos Financial to launch the industry’s third SPAC ETF, the actively managed Morgan Creek - Exos SPAC Originated ETF (SPXZ).

The following day, KraneShares rolled out the KraneShares SSE STAR Market 50 Index ETF (KSTR), which targets Chinese stocks in the science and technology spaces. Finally, on Jan. 28, TrueMark debuted the actively managed TrueShares Low Volatility Equity Income ETF (DIVZ), which maintains a portfolio of 25-35 securities that are expected to increase their dividends, have attractive valuations and exhibit below-average levels of volatility.

Share Splits & Other Changes

Effective Feb. 5, the AdvisorShares Ranger Equity Bear ETF (HDGE) is scheduled to undergo a 1-for-10 reverse share split.

Also on Feb. 5, the ERShares Entrepreneur 30 ETF (ENTR) will change its name to the ERShares Entrepreneurs ETF, while the ERShares Non-US Small Cap ETF (ERSX) will change its name to the ERShares NextGen Entrepreneurs ETF.

And on Jan. 25, the iShares U.S. Real Estate ETF (IYR) changed its index from the Dow Jones U.S. Real Estate Index to the Dow Jones U.S. Real Estate Capped Index.

Contact Heather Bell at [email protected]

 

 

Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs.