SUMMIT, N.J.--(BUSINESS WIRE)--ETF Managers Group LLC (“ETFMG”) today announced that the Board of Trustees of the ETF Managers Trust has decided to close the ETFMG ETFx HealthTech ETF (IMED) based on an ongoing review of market demand. Effective immediately, IMED will increase its cash holdings in contemplation of liquidation and will no longer accept creation orders.
Trading will be suspended on NASDAQ at the closing of the market on September 06, 2017. Proceeds of the liquidation are scheduled to be sent to shareholders on or about September 08, 2017. For added information, shareholders can visit www.etfmgfunds.com.
About ETF Managers Group (ETFMG)
ETFMG is a leading Exchange Traded Funds (ETF) private label services company. ETFMG offers a full range of ETF product services to the asset management community including commodity pool ETPs as well as both active and passive ETF funds. The services provided include product operations, regulatory, financial and compliance management. ETF Managers Group offers active marketing and dedicated wholesale services for all ETF product types. For more information on ETF Managers Group visit www.etfmg.com.
Before investing, carefully consider the Funds' investment objectives, risk factors, charges, and expenses. This and additional information can be found in the Funds’ prospectuses, which may be obtained by calling 1-844-ETF-MGRS (1-844-383-6477), or by visiting www.etfmgfunds.com.
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.
ETF Managers Group LLC is the investment adviser to the fund.
The fund is distributed by ETFMG Financial LLC. ETF Managers Group LLC and ETFMG Financial LLC are wholly owned subsidiaries of Exchange Traded Managers Group LLC (collectively, “ETFMG”).