Nationwide S&P 500 Risk-Managed ETF Stock Price, News & Analysis

Nationwide S&P 500 Risk-Managed Income ETF (NSPI) is a fund offered by Nationwide, a Fortune 100 company based in Columbus, Ohio. As part of Nationwide's suite of financial products, NSPI aims to provide investors with risk-managed exposure to the S&P 500 Index, while also seeking to generate income. The fund employs a strategy that uses dividend income and options strategies to mitigate risk and generate a steady income stream for its investors.

On January 19, 2024, Nationwide announced the closure and liquidation of NSPI, along with two other funds, following consideration of their long-term growth prospects. The Board of Trustees of ETF Series Solutions approved this decision, determining that the funds will cease operations on February 23, 2024. The last day of trading for NSPI will be February 22, 2024, with liquidation of portfolio assets starting around February 15, 2024.

Nationwide, which holds an A+ rating from Standard & Poor’s, is renowned for its extensive range of insurance and financial services products. These include auto, business, homeowners, farm, life insurance, retirement plans, annuities, mutual funds, and more. Their commitment to innovation and customer focus is evident in their diverse product offerings and high standards of service.

The process of liquidating NSPI will involve the fund increasing its cash holdings, deviating from its original investment objectives. Shareholders are advised to sell their shares by the final trading day to avoid automatic redemption. It's recommended that shareholders consult with a tax advisor to understand the tax implications of this liquidation.

Nationwide remains committed to delivering high-quality financial products and services, leveraging its strong foundation and reputation to continue meeting the diverse needs of its clients.