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.
Purpose Launches Yield Focused Single Stock ETF Suite
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The five launches add to Purpose’s extensive lineup on the NEO Exchange and join a crowded field of single stock ETFs.