Welcome to our dedicated page for WESTWOOD HOLDINGS GROUP news (Ticker: $WHG), a resource for investors and traders seeking the latest updates and insights on WESTWOOD HOLDINGS GROUP stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect WESTWOOD HOLDINGS GROUP's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of WESTWOOD HOLDINGS GROUP's position in the market.
Westwood Holdings Group, Inc. reported strong first quarter 2024 earnings, with various strategies beating benchmarks. The company launched two ETFs and saw a decrease in quarterly revenues. Comprehensive income was $2.3 million, with a cash dividend of $0.15 per share declared. Assets under management reached $17.2 billion, the highest in six years. CEO Brian Casey highlighted investments in new products and infrastructure to drive future growth.
Westwood Holdings Group (WHG) has announced the launch of the Westwood Salient Enhanced Energy Income ETF (NASDAQ: WEEI), the second ETF from the company. This new actively managed ETF aims to provide high distributable monthly income by combining dividend yield and options premiums from covered calls, while still offering potential equity appreciation within the energy sector. With a focus on current income and capital appreciation, WEEI offers exposure to a wide range of energy companies, including upstream, downstream, oil service, and integrated companies, presenting a diversified portfolio closely tied to commodity pricing. The ETF targets an annualized yield in the range of 6-8% annually, exceeding traditional energy ETFs' 3% yields, making it an attractive option for retail investors seeking both income and total return.