On Friday, July 15, FaithShares announced that it is closing the books on its final Christian-based exchange-traded fund, as of the end of August, and that its founder is reinventing the firm as a private-label ETF provider.
FaithShares previously had announced the shutdown of four other ETFs that chose securities based on specific values of four separate Christian denominations. Those ETFs ceased trading on July 15.
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Robert Goldsborough does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.