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Millington Securities Launches High-Yield Dividend Smart Beta ETF

Published December 21, 2016 09:00 AM EST on BusinessWire

Millington Securities, Inc. a leading adviser of actively managed exchange-traded funds (ETFs) and broker dealer focused on innovative solutions for institutional money managers led by Don Schreiber, Jr., today launched its first smart beta exchange traded fund – WBI Power Factor™ High Dividend ETF (NYSE Arca: WBIY). The fund is sub-advised by WBI Investments, Inc., a leading provider of institutional and private client wealth management strategies. The fund seeks to provide investment results that correspond to the price and yield – before fees and expenses – of the Solactive Power Factor™ High Dividend Index, which the fund will be tracking.... Read more