Finance

Bountiful-based Summit Global Investments Launches $40 Million ETF on NASDAQ

Earlier today, Summit Global Investments announced it has launched a $40 million Dynamic Tactical Exchange Traded Fund (ETF) via the NASDAQ Stock Market (NASDAQ:DYTA).

Formed in 2010, Summit Global is a Bountiful, Utah-based Registered Investment Advisor (RIA) with over $2 billion in assets under management (AUM).

According to Summit Global's marketing materials, its DYTA ETF is unlike traditional ETFs that provide daily information about the assets they hold.

Image captured from the Summit Global website.

By contrast, Summit Global chooses to keep secret the precise asset allocation of the DYTA ETF. However, Summit Global does publish daily "... a Portfolio Reference Basket designed to help trading in shares of the ETF. While the Portfolio Reference Basket includes all the names of the ETF’s holdings, it is not the ETF’s actual portfolio."

YouTube video about Summit Global's Dynamic Tactical ETF (NASDAQ:DYTA)

Sounds pretty intriguing.

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Bountiful-based Summit Global Investments Launches $40 Million ETF on NASDAQ

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NEWS BRIEF: The Air Force Sustainment Center at Hill Air Force Base has Awarded a New 10-Year Contract Worth up to $751 Million to Five Businesses

BREAKING NEWS: The U.S. Army Selects the "Black Widow" Brand Drone from Utah's Teal Drones for a Five-Year Contract Valued at least $79 Million

Reading the Tea Leaves — Semeru Equity Partners Has Actually Purchased Controlling Interest in Utah-based JobNimbus for $330 Million and NOT Just Invested in the Firm

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