When you look at a chart of an ETF, you may notice that the price often gaps up or down a significant amount at the open. For example, on January 3, 2017, the SPDR S&P 500 ETF (SPY) opened at a price of $236.06, but it had gapped down from the previous close of $237.48. […]
Why Did Certain Etf Cut Distributions
In December 2017, a number of ETFs announced they would be slashing their distributions. This caused a lot of confusion and concern for investors, who were unsure of why the distributions were being cut and what it meant for their holdings. The main reason for the distribution cuts was the sweeping tax reform bill that […]
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