Hennessy Advisors Moves Hennessy Stance ESG ETF Listing to Nasdaq for Better Efficiency

Hennessy Advisors Transfers Hennessy Stance ESG ETF to Nasdaq

Hennessy Advisors, Inc. (NASDAQ: HNNA) has made a significant announcement regarding the Hennessy Stance ESG ETF, effective December 18, 2024. The company will be moving the listing of the Stance ETF from NYSE Arca, Inc. to The Nasdaq Stock Market LLC. This move has been sanctioned by the Board of Trustees of the Hennessy Funds Trust during their meeting on September 25, 2024.

The Hennessy Stance ESG ETF, trading under the symbol STNC, aims to facilitate a broader reach for its investors by transitioning to a more innovative national securities exchange. Neil Hennessy, the Chairman and CEO of Hennessy Advisors, stated, "The transfer to Nasdaq is designed to facilitate the continued listing of the Stance ETF's shares on a national securities exchange at a lower annual expense." In adopting this strategy, Hennessy Advisors not only targets a reduction in operational costs, but also aims to enhance the market presence of the Stance ETF.

As a publicly traded investment manager, Hennessy Advisors focuses on providing a wide array of domestic equity and specialty funds. With a philosophy centered around long-term investments, the firm employs a disciplined approach to investing based on a 'buy and hold' strategy that eschews attempts to time the market. This foundational principle remains a core aspect of their operations, contributing to their reputation for reliability and transparency in managing funds.

The Hennessy Stance ESG ETF is part of the evolving landscape of investment opportunities that prioritize environmental, social, and governance (ESG) criteria. Investors are increasingly looking to align their portfolios with these values, leading to a growing demand for such investment options. The successful transfer of the Stance ETF to Nasdaq could further enhance its appeal to socially responsible investors seeking to integrate their financial goals with their ethical concerns.

Investors considering the Hennessy Stance ESG ETF should be aware of the forward-looking statements regarding potential future performance and results. Hennessy Advisors cautions that these statements are inherently uncertain and may be influenced by various unpredictable factors that could impact actual outcomes.

In summary, Hennessy Advisors’ decision to transition the Hennessy Stance ESG ETF to Nasdaq symbolizes a strategic move that is anticipated to benefit both the company and its investors. The focus on reducing costs along with bolstering the fund's visibility and efficacy in achieving its objectives represents a forward-thinking approach in today’s competitive market landscape. As the stated timeline approaches, both existing and potential investors will be looking to understand how this listing change will unfold and influence their investment trajectories.

For further inquiries regarding the Stance ETF or other Hennessy Advisors offerings, stakeholders are advised to stay informed through official communications from the company, as they will detail crucial information pertinent to trading and future developments in fund management.