Welcome to our dedicated page for Westwood Hldgs news (Ticker: WHG), a resource for investors and traders seeking the latest updates and insights on Westwood Hldgs stock.
Westwood Holdings Group, Inc. (WHG) provides institutional-grade asset management and trust services through its innovative ETF strategies and multi-asset solutions. This news hub offers investors and financial professionals centralized access to official updates and market-moving developments.
Track WHG's latest corporate announcements, strategic partnerships, and product innovations in volatility-managed investing. Our curated collection includes earnings reports, regulatory filings, leadership updates, and trust service expansions – all essential for evaluating the company's market position.
Key focus areas include the Advisory segment's equity strategies, Trust segment developments, and progress within the WEBs Investments ETF platform. Bookmark this page for real-time updates on WHG's operational milestones and financial performance indicators.
Westwood Holdings Group (WHG) has announced monthly income distributions for two of its ETFs: Westwood Salient Enhanced Midstream Income ETF (MDST) and Westwood Salient Enhanced Energy Income ETF (WEEI). MDST has declared a distribution of $0.225 per share with an annualized distribution rate of 10.7%, while WEEI has announced a similar payout with an annualized distribution rate of 11.4%. These actively managed funds generate income through dividends and options premiums from covered calls in the energy sector and aim to provide significant monthly income distributions for investors. As of June 30, 2024, MDST and WEEI have net assets of $43 million and $13 million respectively.
Westwood Holdings Group (WHG) announced monthly income distributions for its Westwood Salient Enhanced Midstream Income ETF (MDST) and Westwood Salient Enhanced Energy Income ETF (WEEI). Both ETFs offer income from dividends and options premiums, providing double-digit income rates of 11% and 11.4% respectively.
MDST, launched on April 9, 2024, invests in midstream energy companies and holds $38.74 million in net assets. WEEI, launched on May 1, 2024, focuses on various energy companies and has $2.96 million in net assets. These funds aim to generate high monthly income while offering potential equity appreciation.
However, the announcement cautions that the annualized distribution rates are based on current conditions and may not be sustainable, potentially leading to significant investment losses if market conditions change unfavorably.
Westwood Holdings Group, Inc. reported strong first quarter 2024 earnings, with various strategies beating benchmarks. The company launched two ETFs and saw a decrease in quarterly revenues. Comprehensive income was $2.3 million, with a cash dividend of $0.15 per share declared. Assets under management reached $17.2 billion, the highest in six years. CEO Brian Casey highlighted investments in new products and infrastructure to drive future growth.
Westwood Holdings Group (WHG) has announced the launch of the Westwood Salient Enhanced Energy Income ETF (NASDAQ: WEEI), the second ETF from the company. This new actively managed ETF aims to provide high distributable monthly income by combining dividend yield and options premiums from covered calls, while still offering potential equity appreciation within the energy sector. With a focus on current income and capital appreciation, WEEI offers exposure to a wide range of energy companies, including upstream, downstream, oil service, and integrated companies, presenting a diversified portfolio closely tied to commodity pricing. The ETF targets an annualized yield in the range of 6-8% annually, exceeding traditional energy ETFs' 3% yields, making it an attractive option for retail investors seeking both income and total return.
FAQ
What is the current stock price of Westwood Hldgs (WHG)?
What is the market cap of Westwood Hldgs (WHG)?
