HAVERTOWN, Pa. - ETF Architect, a veteran-owned provider of ETF operations, has announced that the Strive 500 ETF (NYSEARCA:STRV) will transition its benchmark to the Bloomberg US Large Cap Index from the Solactive GBS United States 500 Index. This change is set to take effect on or about January 26, 2024.
The new benchmark, the Bloomberg US Large Cap Index, is a free float-adjusted, capitalization-weighted index. It is composed of the 500 most highly capitalized companies within the U.S. securities market. The shift in benchmark is part of the Fund's ongoing strategy adjustments.
ETF Architect is recognized for partnering with Advisers, ETF sponsors, mutual fund managers, and industry veterans in launching and operating ETFs.
The announcement is based on a press release statement from ETF Architect. The Strive 500 ETF is distributed by Quasar Distributors, LLC.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.