Truth Social Funds Acquire Point Bridge America First ETF as MAGA
Yorkville America Equities, the sponsor of Truth Social Funds, has completed its acquisition of the Point Bridge America First ETF and rebranded it as the Truth Social America First ETF. The fund now trades under the ticker symbol MAGA on NYSE Arca. This marks a significant expansion for the Truth Social platform, which previously included five index-tracking ETFs and another thematic offering. The newly acquired fund maintains its focus on U.S.-listed companies that historically support Republican candidates through employee contributions or political action committees. It continues to be managed by Hal Lambert of Point Bridge Capital as sub-adviser. The acquisition enhances the platform's offerings, aligning with a broader America First investment strategy and providing investors more options in this niche market. Steve Neamtz, President of Yorkville America Equities, emphasized that the move strengthens their commitment to an America First approach by integrating Point Bridge’s long-standing expertise into the Truth Social Funds family.
Tickers: $MAGA
Topics: acquisition ETF investment strategy rebranding