Don't call it a comeback: Cambria's latest ETF seeded in-kind raises ~$100 million
"Advisors are starting to understand the power of the 351 ETF Conversion."
Cambria Endowment Style ETF (ENDW) launched on Apr 9, 2025, with nearly $100 million in assets seeded in-kind via Section 351 conversion.
Here are the basics on Section 351 conversion, including my meme book all about it.
This outdoes the December 2024 launch of Cambria Tax Aware ETF (TAX), which seeded with ~$28 million in assets.