Sound ETFs Propose Reorganization Into Hilton-Branded Funds
Tidal Trust I has approved plans to reorganize two Sound ETFs into newly created funds under Tidal Trust II, replacing Sound Income Strategies as sub-adviser…
VettaFi has become the index provider for the Invesco Aerospace & Defense ETF (PPA) following its acquisition of the SPADE Defense Index from SPADE Indexes LLC, effective October 2, 2026. According to a prospectus supplement dated October 13, the transaction transfers ownership and maintenance of the index to VettaFi, which now oversees its calculation and administration. The SPADE Defense Index tracks companies involved in the aerospace and defense industries and serves as the underlying benchmark for PPA. The index's name and methodology remain unchanged, meaning the transition does not alter the ETF's existing benchmark strategy. The acquisition expands VettaFi's index business while maintaining continuity for investors in the Invesco fund.
Source: SEC Filings
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