Roundhill InvestmentsNew Age Alpha to Convert NAA Allocation Fund Into ETF
New Age Alpha plans to convert the NAA Allocation Fund from a mutual fund into the newly created NAA Allocation ETF, with the reorganization expected to close around December 4, 2026.
Roundhill has updated the investment strategies for its Video Games ETF (NERD), Ball Metaverse ETF (METV), and Cannabis ETF (WEED) to allow investments in companies through initial public offerings and recently listed stocks. Effective June 22, 2026, the change gives the funds greater flexibility to gain early exposure to newly public companies that fit their thematic mandates, potentially allowing investors to participate more quickly in emerging trends across gaming, metaverse, and cannabis markets.
At a glance
- Beat
- Fund Updates
- Issuer
- Roundhill Investments
- Region
- United States
- Filed
- 12 June 2026
Source: SEC Filings
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