It is the industry's first currency-based ETF, although analysts expect other currency- and commodity-based ETFs to follow, TheStreet.com reports.
Shares of the ETF have recently traded at $119.61, a cent below opening price. The trust has registered 17 million shares, for a total offering price of about $2 billion.
Back in December 2023, Wall Street was hoping for rate cuts early and often. But as of May 2024, "higher for longer" seems to be the new policy — at least for now.
The merger "will fundamentally transform the RIA ecosystem," tru CEO Craig Stuvland says.
Advisor advocates say they are beginning to look to civil courts and other FINRA alternatives to get erroneous customer complaints removed from their clients' online records.
Higher expenses from the record headcount of financial advisors and a continuous stream of recruits and acquisitions are investing in the firm's future earnings, though.
You'd think making $1 million a year for your firm would be considered a lot. But advisors at that level last year have to bring in a bit more to maintain their take-home pay.
A homeowner in New York asks how to make sure her apartment goes to her kids after she dies — and not to Medicaid.
