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Page 385 - அலிபாபா குழு வைத்திருத்தல் லிமிடெட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

A tiny hedge fund just made history by turning into an ETF

A tiny hedge fund just made history by turning into an ETF Katherine Greifeld, Bloomberg News A tiny U.S. hedge fund has just become the first to convert into an exchange-traded fund. The actively managed Upholdings Compound Kings ETF (ticker KNGS) began trading last week. It’s a new wrapper for a tech-heavy portfolio that was started in March 2019 by Nashville, Tennessee-based Upholdings Funds LLC. The firm wanted to expand its investor base in particular to include retail investors so began exploring the process of converting the US$3 million hedge fund last March. Plans were formally filed with the Securities and Exchanges Commission in October.

Alibaba Group

UPDATE at 4:10 p.m. EDT: Alibaba Shares Close at $93.89 on First Day of Trading UPDATE at 2:26 p.m. EDT: Alibaba Group Holding Ltd s Jack Ma Interested In Amazon.com, Inc. Joint Venture UPDATE at 1:19 p.m. EDT: Shares of Alibaba Holding Very Tight to $90 Level Right Now, Bouncing Back and Forth. Read More.

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