Changes are coming for the TrimTabs Float Shrink ETF (NYSEArca: TTFS), one of the largest and most successful equity-based actively managed ETFs.
Effective July 1, Wilshire Associates will serve as the sub-advisor for TTFS and the ETF will be renamed the AdvisorShares Wilshire Buyback ETF. “TTFS” will remain the ticker.[related_stories]
“The ETF will be managed day-to-day by Wilshire’s global investment management business unit, Wilshire Funds Management, which advises on approximately $150 billion,” according to a statement issued by AdvisorShares.