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Westwood Holdings Group, Inc. (NYSE: WHG) is a premier investment management firm headquartered in Dallas, with additional offices in Toronto, Boston, and Houston. The company offers a diverse range of investment strategies tailored to institutional investors, private wealth clients, and financial intermediaries. With a robust $21.6 billion in assets under management as of June 30, 2018, Westwood has solidified its position in the investment landscape.
Westwood provides services through two primary segments: Advisory and Trust. The Advisory segment offers investment advisory services to corporate and public retirement plans, endowments, foundations, individual clients, and the Westwood Funds. This segment also provides sub-advisory services to mutual funds. Meanwhile, the Trust segment caters to high-net-worth individuals and institutions by offering trust and custodial services.
Westwood's investment strategies span various asset classes, including U.S. equities, multi-asset, global and emerging markets equities, global convertible securities, and master limited partnerships (MLPs). These strategies are accessible through separate accounts, the Westwood Funds® family of mutual funds, UCITS funds, and other pooled investment vehicles.
The company benefits from significant employee ownership, which aligns the interests of its workforce with those of its clients. This structure underpins the firm's commitment to delivering exceptional investment performance and client service.
Westwood's latest news highlights the launch of its second ETF, the Westwood Salient Enhanced Energy Income ETF (WEEI). This ETF diversifies exposure across the energy sector, including upstream, downstream, oil service, and integrated companies. WEEI aims to provide high income generation with an annualized yield target of 6-8%, significantly higher than traditional energy ETFs. This launch follows the successful introduction of the Westwood Midstream Plus ETF (MDST), reflecting the firm's ongoing innovation in serving its clients' evolving investment needs.
Westwood Holdings Group continues to be a trusted name in investment management, known for its comprehensive investment solutions, client-centric approach, and financial expertise.
WEBs Investments and Westwood Holdings Group (NYSE: WHG) have launched two new ETFs: the WEBs Defined Volatility℠ SPY ETF (DVSP) and WEBs Defined Volatility℠ QQQ ETF (DVQQ). These innovative funds use a dynamic, rules-based strategy to adjust market exposure based on real-time volatility.
The ETFs track the Syntax Defined Volatility℠ indices and employ total return swaps during low-volatility periods to enhance returns, while shifting to cash and U.S. Treasuries during high-volatility periods to minimize losses. The strategy offers uncapped upside potential to SPY and QQQ while aiming to provide portfolio stability and dividend income.
This launch represents WEBs' initial product suite, developed by ETF industry veterans led by Ben Fulton, and expands Westwood's ETF platform through their strategic partnership.
Westwood Holdings Group (WHG) has announced monthly income distributions for its two ETFs: Westwood Salient Enhanced Midstream Income ETF (NYSE: MDST) and Westwood Salient Enhanced Energy Income ETF (NASDAQ: WEEI). Both ETFs provide double-digit income from dividends and options premiums. MDST offers a distribution per share of $0.225 with an annualized distribution rate of 9.8%, while WEEI offers the same per share distribution with an annualized rate of 11.4%.
MDST, launched on April 8, 2024, invests in midstream energy companies and has net assets of $57 million. WEEI, launched on April 30, 2024, targets broader energy sector exposure with net assets of $14 million. Performance data as of 9/30/24 shows MDST with a NAV return of 8.18% since inception and an expense ratio of 0.80%. WEEI, however, shows a NAV return of -2.50% since inception and an expense ratio of 0.85%.
Distributions include return of capital, which may lower the ETF’s NAV and trading price over time. Investors should note that past performance is not indicative of future results.
Westwood Holdings Group (WHG) announced monthly income distributions for two ETFs: Westwood Salient Enhanced Midstream Income ETF (MDST) and Westwood Salient Enhanced Energy Income ETF (WEEI). Both ETFs provide monthly income through dividends and options premiums, with current annualized distribution rates of 10.4% for MDST and 12.0% for WEEI. MDST, launched April 8, 2024, focuses on midstream energy companies with $57 million in net assets. WEEI, launched April 30, 2024, offers broad energy sector exposure with $14 million in net assets. As of September 30, 2024, MDST showed positive performance since inception (NAV: 8.18%), while WEEI experienced negative returns (NAV: -2.50%).
Westwood Holdings Group (NYSE: WHG) reported Q3 2024 results with firmwide assets under management reaching $17.7 billion, their highest level in 6 years. Quarterly revenues increased to $23.7 million, up from $22.7 million in Q2 and $21.9 million year-over-year. The company reported comprehensive income of $0.1 million, compared to a loss of $2.2 million in Q2. Non-GAAP Economic Earnings were $1.1 million. The company held $48.3 million in cash and declared a $0.15 per share dividend. WHG announced a partnership with ETF pioneer Ben Fulton to develop new ETF strategies through Westwood Engineered Beta (WEBs).
Westwood Holdings Group (NYSE: WHG) has partnered with ETF veteran Ben Fulton to expand its ETF platform through a new venture called WEBs Investments Inc. (Westwood Engineered Beta). Westwood will invest in WEBs, providing distribution resources and administrative support, with an option to acquire the entity upon reaching growth milestones. Fulton, who grew Invesco's PowerShares ETF platform from $200M to $80B during 2005-2013, brings nearly 30 years of ETF industry experience. The partnership aims to develop innovative ETF strategies, building on Westwood's recent launch of two Energy ETFs in Q2. The WEBs team includes three of Fulton's former colleagues, collectively bringing over 75 years of ETF experience.
Westwood Holdings Group, Inc. (NYSE:WHG) has announced its upcoming third quarter 2024 earnings release and conference call. The company will release its Q3 2024 earnings after the NYSE closes on Wednesday, October 30, 2024. Following this, Westwood will host a live audio webcast and conference call at 4:30 pm Eastern Time (3:30 pm Central Time).
To participate in the conference call, interested parties must register through a provided link to receive a personalized PIN. A webcast link is also available for those who prefer to listen via the internet. Westwood Holdings Group, founded in 1983, is a focused investment management boutique and wealth management firm offering a range of investment solutions to institutional investors, private wealth clients, and financial intermediaries.
Westwood Holdings Group (WHG) announced monthly income distributions for two of its Exchange-Traded Funds (ETFs): Westwood Salient Enhanced Midstream Income ETF (NYSE: MDST) and Westwood Salient Enhanced Energy Income ETF (NASDAQ: WEEI). Both ETFs are designed to provide high distributable monthly income through a combination of dividend yield and options premiums from covered calls.
Key points:
- MDST's distribution per share: $0.225, with a 10.5% annualized distribution rate
- WEEI's distribution per share: $0.225, with a 12.0% annualized distribution rate
- MDST, launched on April 8, 2024, focuses on midstream energy companies and has $54 million in net assets
- WEEI, launched on April 30, 2024, offers broad exposure to energy companies and has $14 million in net assets
- Both ETFs are actively managed and aim to provide income and potential capital appreciation
Westwood Holdings Group (WHG) has announced monthly income distributions for two of its Exchange-Traded Funds (ETFs): Westwood Salient Enhanced Midstream Income ETF (NYSE: MDST) and Westwood Salient Enhanced Energy Income ETF (NASDAQ: WEEI). Both ETFs are designed to provide high monthly income through a combination of dividend yield and options premiums from covered calls.
Key points:
- MDST's distribution per share: $0.225, with a 10.5% annualized distribution rate
- WEEI's distribution per share: $0.225, with an 11.5% annualized distribution rate
- MDST has surpassed $50 million in assets under management (AUM)
- MDST focuses on midstream energy companies, while WEEI offers broad exposure to energy companies
- Both ETFs are actively managed and aim to provide income and potential capital appreciation
Westwood Holdings Group (NYSE: WHG) has appointed Chris Doran as Head of ETF Distribution and National Accounts, reporting to Dave Linton, Managing Director and Head of Distribution. This move underscores Westwood's commitment to expanding its ETF platform and product suite. Doran brings 25 years of experience in ETF sales within the financial intermediary channel.
Westwood launched its first ETF, the Westwood Salient Enhanced Midstream Income ETF (NYSE: MDST), in April 2024, followed by the Westwood Salient Enhanced Energy Income ETF (NASDAQ: WEEI) in May 2024. The company aims to provide innovative investment tools across various strategies, including U.S. Value, Multi-Asset, Real Assets, Alternatives, and Managed Investment Solutions.
CEO Brian O. Casey expressed confidence in Doran's ability to grow Westwood's ETF business and expand the reach of existing mutual funds and separately managed accounts, citing his track record in building high-performing sales teams and developing strategic partnerships.
Westwood Holdings Group (WHG) has announced monthly income distributions for two of its Exchange-Traded Funds (ETFs): Westwood Salient Enhanced Midstream Income ETF (NYSE: MDST) and Westwood Salient Enhanced Energy Income ETF (NASDAQ: WEEI). Both ETFs are designed to provide high distributable monthly income by combining dividend yield and options premiums from covered calls.
Key points:
- MDST offers a distribution of $0.225 per share with an annualized distribution rate of 10.6%
- WEEI offers a distribution of $0.225 per share with an annualized distribution rate of 11.3%
- MDST, launched on April 9, 2024, focuses on midstream energy companies and has $43 million in net assets
- WEEI, launched on May 1, 2024, provides broad exposure to energy companies and has $13 million in net assets
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