Purpose Launches Yield Focused Single Stock ETF Suite

Purpose Investment Inc. has come to market today with the announcement of a new yield focused suite of single stock ETFs. The new funds plan will be available on the NEO Exchange and plan to track some of the largest companies in the world. The five funds are called, the Alphabet (GOOGL) Yield Shares Purpose ETF (YGOG), the Amazon (AMZN) Yield Shares Purpose ETF (YAMZ), the Apple (AAPL) Yield Shares Purpose ETF (APLY), the Berkshire Hathaway (BRK) Yield Shares Purpose ETF (BRKY), and the Tesla (TSLA) Yield Shares Purpose ETF (YTSL). These new funds look to offer investors exposure to enhanced monthly yield while complementing their preexisting stock portfolios.

ETF Newz Says:

The five launches add to Purpose’s extensive lineup on the NEO Exchange and join a crowded field of single stock ETFs.

Heavily Traded ETFs
SPDR S&P 500 - SPY
Invesco QQQ
Vanguard S&P 500 - VOO
Vanguard Total Market - VTI
Energy Select Sector - XLE

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