New ETF Provider Files for an Active Fund

By (Tom Lydon),

Shutterstock photo

Huntington Asset Advisors , the investment arm of Columbus, Ohio-based Huntington Bank, filed to bring a new actively managed exchange traded fund ( ETF ) to market.

The is the firm's second ETF filing; the latest one will invest in large-cap U.S. stocks and American Depositary Receipts (ADRs) of non-U.S. large-caps. [ The Active vs. Passive ETF Debate. ]

Olivier Ludwig for Index Universe reports that the ETF will write covered calls on each position to help generate the capital necessary to buy puts on the S&P 500 and/or S&P 100 Indexes, respectively. Also, puts will be used to hedge the ETF's portfolio to the extent the value of its equity positions decline, according to the filing. [ The Latest ETFs in the Pipe. ]

For more stories about new ETFs, visit our new ETFs category .

Tisha Guerrero contributed to this article.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing ETFs
Referenced Stocks: ETF

More from ETF Trends


ETF Trends

ETF Trends

Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by