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Hennessy Advisors Acquires STF Management ETFs, Expands ETF Offerings
ByAinvest
Monday, Mar 17, 2025 5:00 am ET1min read
Hennessy Advisors, Inc. will acquire STF Management ETFs, including the STF Tactical Growth ETF and the STF Tactical Growth & Income ETF, with combined assets of approximately $220 million. The STFM ETFs will be reorganized as a series of Hennessy Funds Trust and renamed the Hennessy Tactical Growth ETF and the Hennessy Tactical Growth and Income ETF. Jonathan Molchan, a 20-year industry veteran, will continue to manage the portfolios and join Hennessy Advisors as a Portfolio Manager. The transaction is expected to close in the third quarter of 2025 and qualifies as a tax-free reorganization.
NUMBER: 1Hennessy Advisors, a California-based investment management firm, recently announced its latest acquisition. The company has partnered with STF Management to take over management of two exchange-traded funds (ETFs), the STF Tactical Growth ETF and the STF Tactical Growth & Income ETF. These ETFs, with combined assets of approximately $220 million, will be reorganized as a series of Hennessy Funds Trust and renamed the Hennessy Tactical Growth ETF and the Hennessy Tactical Growth and Income ETF, respectively.
Jonathan Molchan, a 20-year industry veteran, will continue to manage the portfolios and join Hennessy Advisors as a Portfolio Manager. The transaction is expected to close in the third quarter of 2025 and qualifies as a tax-free reorganization.
This acquisition marks Hennessy Advisors' eleventh successful purchase and represents its expansion into the ETF market. The company has a strong track record of providing superior service to its shareholders and employing a consistent and disciplined approach to investing.
Hennessy Advisors is a publicly traded investment manager offering a broad range of domestic equity, multi-asset, and sector and specialty funds. The firm is committed to providing excellent service to its clients and rejects the idea of market timing.
Sources:
[1] Hennessy Advisors, Inc. Press Release, December 22, 2022. https://www.marketscreener.com/quote/stock/HENNESSY-ADVISORS-INC-17184841/news/Hennessy-Advisors-Inc-Partners-with-Stance-Capital-Completing-its-11th-Asset-Purchase-42607407/
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