M&A
confidence high
sentiment positive
materiality 0.45
Hennessy Advisors completes $43M acquisition of Stance ESG ETF, its 11th deal
HENNESSY ADVISORS INC
- Acquired assets of Stance Equity ESG Large Cap Core ETF (STNC) and reorganized it as Hennessy Stance ESG Large Cap ETF.
- Transaction adds approximately $43 million in assets under management.
- Stance Capital and Vident Investment Advisory become sub-advisors; portfolio managers Bill Davis and Kyle Balkissoon continue.
- This is Hennessy's 11th successful asset purchase, expanding its product offerings into the ETF market.