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NEW YORK - New York Life Investments announced Thursday it will liquidate the NYLI Healthy Hearts ETF (HART), with the fund ceasing trading operations after market close on August 19, 2025. The fund, currently trading at $29.66 with a market capitalization of $8.94 million, has seen a year-to-date decline of 2.22% and trades within its 52-week range of $26.85 to $34.43.
According to the press release statement, the fund will no longer accept creation or redemption orders after that date. Shareholders can expect to receive liquidation proceeds on or about August 26, 2025.
New York Life Investments, which manages over $754 billion in assets as of March 31, 2025, is comprised of affiliated global asset management businesses of New York Life Insurance Company. The firm ranks as the 28th largest institutional investment manager according to Pensions & Investments’ Largest Money Managers 2025 list.
The company offers investment solutions through various affiliated boutiques and emphasizes sustainable client relationships.
The announcement comes as part of the company’s ongoing portfolio management strategy, though specific reasons for the ETF’s liquidation were not provided in the announcement.
All investments in the fund remain subject to market risks and will continue to fluctuate in value until the liquidation date.
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