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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.
Westwood Holdings Group (WHG) has announced monthly income distributions for two of its ETFs: Westwood Salient Enhanced Midstream Income ETF (MDST) and Westwood Salient Enhanced Energy Income ETF (WEEI). MDST has declared a distribution of $0.225 per share with an annualized distribution rate of 10.7%, while WEEI has announced a similar payout with an annualized distribution rate of 11.4%. These actively managed funds generate income through dividends and options premiums from covered calls in the energy sector and aim to provide significant monthly income distributions for investors. As of June 30, 2024, MDST and WEEI have net assets of $43 million and $13 million respectively.
Westwood Holdings Group (WHG) announced monthly income distributions for its Westwood Salient Enhanced Midstream Income ETF (MDST) and Westwood Salient Enhanced Energy Income ETF (WEEI). Both ETFs offer income from dividends and options premiums, providing double-digit income rates of 11% and 11.4% respectively.
MDST, launched on April 9, 2024, invests in midstream energy companies and holds $38.74 million in net assets. WEEI, launched on May 1, 2024, focuses on various energy companies and has $2.96 million in net assets. These funds aim to generate high monthly income while offering potential equity appreciation.
However, the announcement cautions that the annualized distribution rates are based on current conditions and may not be sustainable, potentially leading to significant investment losses if market conditions change unfavorably.
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.
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