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PlanRock Market Neutral Income ETF - PRMN STOCK NEWS

Welcome to our dedicated page for PlanRock Market Neutral Income ETF news (Ticker: prmn), a resource for investors and traders seeking the latest updates and insights on PlanRock Market Neutral Income ETF stock.

PlanRock Market Neutral Income ETF (PRMN) is a financial product under the umbrella of PlanRock Investment Management, LLC, a registered investment advisor based in Nashville, Tennessee. Launched on December 19, 2023, PRMN is designed to generate income and capital appreciation through strategic investments in high-dividend global equities, while mitigating market risk via a series of equity index futures. This approach aims to deliver returns with low to negative correlation to the bond market, making it an attractive option for investors looking to diversify their portfolios.

PlanRock Investment Management, established in 2020 by Stephen Hammers and other experienced portfolio managers, focuses on advancing and preserving investor capital through innovative investment strategies. The firm offers a range of services, including outsourced due diligence, investment model portfolios, and Chief Investment Officer (CIO) services for financial advisors.

The PlanRock Market Neutral Income ETF leverages a unique hedging strategy to target volatility and potentially enhance returns. By carefully balancing long and short positions, PRMN seeks to provide stability and steady income in both bull and bear markets. This makes it a versatile addition to traditional stock or bond portfolios, addressing the need for consistent performance regardless of market conditions.

Investors are encouraged to review the fund's prospectus and summary prospectus, which detail the investment objectives, risks, charges, and expenses associated with PRMN. These documents are accessible through the PlanRock Funds website or by calling the customer service hotline. It's important to note that investing in PRMN involves risks, including potential loss of principal, and there's no assurance that the fund's investment strategy will achieve its goals.

PlanRock ETFs are distributed by Northern Lights Distributors, LLC, and there is no affiliation between Northern Lights Distributors, LLC and PlanRock Investments. As an actively managed ETF, PRMN's shares are traded on the market at prices that may differ from their net asset value (NAV), and they cannot be individually redeemed from the fund.

Rhea-AI Summary
PlanRock Investments (PRAE) launches two new alternative ETFs, the PlanRock Alternative Growth ETF and the PlanRock Market Neutral Income ETF, aiming to provide value during bull or bear markets. The ETFs began trading on the NYSE on December 19, 2023.
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FAQ

What is the current stock price of PlanRock Market Neutral Income ETF (prmn)?

The current stock price of PlanRock Market Neutral Income ETF (prmn) is $29.4141 as of June 21, 2024.

What is PlanRock Market Neutral Income ETF (PRMN)?

PRMN is an ETF designed to generate income and capital appreciation by investing in high-dividend global equities and neutralizing market risk with equity index futures.

When was PRMN launched?

PRMN was launched on December 19, 2023.

What is the investment strategy of PRMN?

PRMN employs a market-neutral strategy, balancing long and short positions in equity index futures to mitigate market risk and provide stable returns.

Who manages PlanRock Market Neutral Income ETF?

PRMN is managed by PlanRock Investment Management, LLC, a registered investment advisor headquartered in Nashville, Tennessee.

What are the primary risks of investing in PRMN?

Investing in PRMN involves risks such as market risk, volatility from derivatives, and the potential for unlimited loss in short sales.

Where can I find more information about PRMN?

Detailed information about PRMN can be found in the fund's prospectus and summary prospectus available on the PlanRock Funds website or by calling 800-677-6025.

How does PRMN aim to achieve low correlation to the bond market?

PRMN targets a low to negative correlation to the bond market through its strategic hedging and equity index futures positions.

Is PRMN suitable for both bull and bear markets?

Yes, PRMN is designed to perform in both bull and bear markets by balancing long and short positions and targeting volatility.

Who distributes PlanRock ETFs?

PlanRock ETFs are distributed by Northern Lights Distributors, LLC.

Can PRMN shares be redeemed individually?

No, PRMN shares are bought and sold at market price and are not individually redeemable from the fund.
PlanRock Market Neutral Income ETF

NYSE:PRMN

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