SUMMIT, N.J.--(BUSINESS WIRE)--Today ETF Managers Group (ETFMG) paid distributions to shareholders of record on June 20, 2018 for the following exchange-traded funds:
|Fund Name||Ticker||Cash Distribution Per Share|
|ETFMG Drone Economy Strategy ETF||IFLY||$||0.0900|
|ETFMG Video Game Tech ETF||GAMR||$||0.3800|
|AI Powered Equity ETF||AIEQ||$||0.0400|
|Etho Climate Leadership U.S. ETF||ETHO||$||0.0800|
|ETFMG Alternative Harvest ETF||MJ||$||0.0700|
Sam Masucci, CEO of ETFMG, said, “GAMR’s significant distribution of $0.38 per share is primarily the result of a special dividend paid by one of the portfolio companies, Changyou.com Limited, which accounted for $0.27 of the $0.38 distribution. The ETFMG Alternative Harvest ETF – ticker MJ – the first U.S. listed ETF to offer concentrated exposure to marijuana-related companies, distributed $0.07 per share.”
All the distributions were paid as ordinary income.
ETFMG is a provider of exchange-traded funds (ETFs) helping investors conveniently access global thematic investments, commodity and futures exposures, and other unique strategies spanning ESG to artificial intelligence. We partner with asset managers and index providers that look thoroughly at the challenges and opportunities in the market. For more information, please visit www.etfmg.com.
Carefully consider the Funds’ investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Funds’ prospectus, which may be obtained by calling 1-844-ETF-MGRS (1-844-383-6477), or by visiting www.etfmg.com/funds. Read the prospectus carefully before investing.
Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Narrowly focused investments typically exhibit higher volatility.
As of 6/21/18, Changyou.com Limited’s weight in GAMR was 2.19%.
The Funds are distributed by ETFMG Financial LLC.