Welcome to our dedicated page for Nationwide Russell 2000 Risk-Managed Income ETF news (Ticker: NTKI), a resource for investors and traders seeking the latest updates and insights on Nationwide Russell 2000 Risk-Managed Income ETF stock.
Nationwide Russell 2000 Risk-Managed Income ETF (NTKI) is part of Nationwide's series of ETFs designed to provide investors with a risk-managed approach to income generation. The NTKI ETF specifically targets the Russell 2000 Index, which includes a broad spectrum of small-cap U.S. companies. The fund seeks to deliver a steady income stream while mitigating risk through a diversified portfolio of securities.
Operated by Nationwide Fund Advisors and distributed by Quasar Distributors LLC, NTKI integrates sophisticated financial strategies to balance income and risk. The ETF employs a blend of active and passive management techniques to ensure both stability and growth potential in varying market conditions. However, it was recently announced that NTKI, along with two other funds, will be closed and liquidated by February 23, 2024, due to strategic considerations and long-term growth prospects.
The final trading day for NTKI will be February 22, 2024, and shareholders are advised to sell their shares or face automatic cash redemption based on the net asset value (NAV) after the closure date. The liquidation process will involve selling off portfolio assets, which may temporarily impact the fund's investment strategy and increase cash holdings. Investors should consult their tax advisors to understand the tax implications of the liquidation.
Nationwide, a Fortune 100 company headquartered in Columbus, Ohio, is renowned for its broad array of insurance and financial services. With an A+ rating from Standard & Poor's, Nationwide offers everything from auto and home insurance to retirement plans and mutual funds. This extensive expertise and commitment to innovation make Nationwide a significant player in the financial services industry.
Latest News:
COLUMBUS, Ohio, Jan. 19, 2024 /PRNewswire/ -- Nationwide announced today that the Board of Trustees of ETF Series Solutions (the "Trust") has determined to close and liquidate the Nationwide S&P 500® Risk-Managed Income ETF (NYSEARCA: NSPI), Nationwide Dow Jones® Risk-Managed Income ETF (NYSEARCA: NDJI), and Nationwide Russell 2000® Risk-Managed Income ETF (NYSEARCA: NTKI) after the close of business on Feb. 23, 2024. Nationwide recommended the liquidation and closure of the Funds following consideration of the Funds' long-term growth prospects, among other factors. The Funds' last day of trading will be Feb. 22, 2024, which will coincide with the final day for creation unit orders by authorized participants. The Funds will begin liquidating their portfolio assets on or about Feb. 15, 2024, which may cause the Funds to increase their cash holdings and deviate from the investment objective and strategies referenced in the Funds' prospectuses. The Funds will conclude operations and promptly distribute the remaining proceeds to shareholders after Feb. 23, 2024. Shareholders who do not sell their Fund shares by this date will have their shares automatically redeemed for cash based on the applicable Fund's net asset value (NAV). Customary brokerage charges may apply to transactions to sell Fund shares. Shareholders should contact their tax advisor to discuss the income tax consequences of the liquidations.
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