SPAC and New Issue ETF (SPCK)

SPAC and New Issue ETF (SPCK) is an exchange-traded fund in the Event Driven category. It has $8.61M in assets, an expense ratio of 2.32% and a 15.64% dividend yield. The fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in units and shares of Special Purpose Acquisitions Companies (“SPACs”) that have a minimum capitalization of $100 million and companies that completed an initial public offering (“IPO”) within the last two years. The fund may also invest in depositary receipts or appropriate ETFs for cash management purposes or due to a lack of suitable investment opportunities, the fund may hold up to 20% of its net…