J.P. Morgan Worldwide Securities Services said that it has been appointed by Yorkville ETF Advisors, LLC to provide custody and exchange traded fund transfer agency services to its newly launched Yorkville High Income master limited partnerships ETF.

The ETF began trading on March 13 and is being touted as the first to deliver exposure to high income, commodity-based MLPs.

“J.P. Morgan has a rich history of innovation in the ETF space, with a commitment to the custody and transfer agency businesses, and we look forward to working with Yorkville on their newly launched ETF,” stated Robert Caporale, head of new business development – Americas for J.P. Morgan Worldwide Securities Services.

J.P. Morgan currently services approximately 200 ETFs with total assets of $115 billion.

Hung Tran writes for Money Management Executive.