THOR Moves Its Low-Volatility ETF, THLV, to NYSE

Rhea-AI Summary

THOR Financial Technologies announced the transfer of its THOR Low Volatility ETF (THLV) to the NYSE, effective February 1, 2023. This transfer will not require any action from shareholders and is expected to maintain current trading conditions. Brad Roth, Chief Investment Officer, highlighted that this move aims to improve pricing consistency and enhance the trading experience for investors. The ETF seeks to invest at least 80% of its assets in securities of the THOR Low Volatility Index, focusing on U.S. large-cap equities with reduced volatility. The NYSE expressed confidence in providing superior liquidity and market services for the ETF.

Positive

• Transfer of THLV to NYSE expected to enhance investor experience.
• No action required from shareholders during the transfer.
• Access to improved liquidity through NYSE's Designated Market Maker system.

Negative

• None.

News Market Reaction – THLV

-0.94%

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-0.94% News Effect

On the day this news was published, THLV declined 0.94%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

PITTSBURGH, Jan. 27, 2023 /PRNewswire/ -- THOR Financial Technologies, LLC ("THOR"), a boutique investment firm offering access to specialized expertise across a range of investment strategies, announced the transfer of the following ETF to the NYSE, effective February 1, 2023:

• THOR Low Volatility ETF (THLV)

Shareholders are not required to take any action in connection with the listing transfer. The THLV ticker symbol will remain the same and the trading of the funds and the funds' shareholders are not anticipated to be impacted during the transfer.

"The move to the NYSE allows us to provide consistent pricing and truly institutionalize our offering as we grow our family of funds," said Brad Roth, chief investment officer at THOR Financial Technologies. "This move represents THOR's and NYSE's commitment to an exceptional investment and execution experience. THOR strives to offer a best-in-class investor experience, and we believe bringing more oversight with the Designated Market Maker (DMM) system will further improve the experience and strengthen our commitment to ETF traders and shareholders."

THLV seeks to achieve its investment objective by investing at least 80% of its total assets in securities included in the Index (THOR Low Volatility Index). The rules-based index is comprised of U.S. equity exchange traded funds ("ETFs"). The primary goal of the Index is to gain exposure to U.S. large cap equities while attempting to lower volatility by avoiding sectors that are currently in a down trending cycle.

"We are excited to welcome THOR to the NYSE floor, where the best-in-class DMM model is available to provide ETFs superior liquidity throughout each trading day, alongside tighter and more liquid opening and closing auctions," said Douglas Yones, Head of ETFs at the NYSE. "We are focused on seeking continuous improvement of the overall investor trading experience and are pleased that THOR will have access to the world's premier exchange for listing and trading ETF's."

About THOR Financial Technologies
THOR Financial Technologies, LLC provides investment solutions that deploys portfolios in a more intelligent way with a main focus on managing risk. THOR supports forward-thinking financial advisors and investors who believe cutting edge research is essential to access differentiated and productive investment technology.

About NYSE Group
NYSE Group is a subsidiary of Intercontinental Exchange (NYSE: ICE), a leading global provider of data, technology and market infrastructure. NYSE Group's equity exchanges -- the New York Stock Exchange, NYSE American, NYSE Arca, NYSE Chicago and NYSE National -- trade more U.S. equity volume than any other exchange group. The NYSE, an ICE exchange, is the premier global venue for capital raising. NYSE Arca Options and NYSE Amex Options are leading equity options exchanges. To learn more, visit nyse.com.

About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading "Key Information Documents (KIDS)."

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the SEC on February 3, 2022.

For more information, please visit Thorfunds.com or email welcome@thoranalytics.com 

View original content:https://www.prnewswire.com/news-releases/thor-moves-its-low-volatility-etf-thlv-to-nyse-301732762.html

SOURCE THOR Financial Technologies

FAQ

What is THOR Low Volatility ETF (THLV)?

THOR Low Volatility ETF (THLV) is an exchange-traded fund that invests primarily in U.S. large-cap equities while aiming to reduce volatility.

When will THLV be listed on the NYSE?

THLV is set to be listed on the NYSE effective February 1, 2023.

Will shareholders need to take action for the transfer of THLV?

No action is required from shareholders in connection with the transfer of THLV to the NYSE.

How does the NYSE benefit THLV traders?

The NYSE provides a better trading experience through superior liquidity and the support of Designated Market Makers.

What investment strategy does THLV employ?

THLV seeks to invest at least 80% of its assets in securities included in the THOR Low Volatility Index.