Ecofin Digital Payments Infrastructure Fund
ETPA
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Jan 31, 2019
- Similar Companies
- Business
- Ecofin Digital Payments Infrastructure Fund (NYSE Arca: ETPA) is a passively managed exchange-traded fund that seeks to track the total return performance of the Ecofin Global Digital Payments Infrastructure Index. The fund normally invests at least 80% of its net assets in equity securities of global digital payments companies listed on developed country exchanges; these include firms materially engaged in merchant processing and settlement, real-time record keeping, settlement networks, and fintech products/services that facilitate electronic transactions, encompassing credit card networks, electronic transaction processing and associated products/services, credit card issuers, electronic transaction processing software (payments fintech), and online financial services marketplaces. It provides exposure to participants across the fee-based credit card value chain, such as merchant acquirers, processors, networks, and issuers, as well as emerging digital payment forms including mobile payments, point-of-sale devices, and peer-to-peer matching engines; top holdings have historically included companies like Mastercard Inc., Visa Inc., Global Payments Inc., and PayPal Holdings Inc. The fund targets institutional and retail investors seeking thematic exposure to the digital payments sector within the broader financial services and technology industries. Launched on January 31, 2019, and advised by Tortoise Index Solutions, LLC (under the Ecofin brand) with sub-adviser Vident Investment Advisory, LLC, the fund is headquartered in Leawood, Kansas, through its association with Tortoise Capital Advisors and operates with a total annual operating expense ratio of 0.40%. It maintains a global geographic focus on developed markets, with portfolio composition typically allocated across financials (around 80%) and technology (around 20%) sectors by sector weighting, and revenue breakdowns emphasizing electronic transaction processing (47%), credit card networks (20%), merchant payment products/services (12%), payments fintech (10%), and electronic payment processing/management (8%). In a significant recent development, the Board of Trustees of Managed Portfolio Series approved the closure and liquidation of the Ecofin Digital Payments Infrastructure Fund, with the delisting and liquidation occurring around November 2022 at approximately $25.11 per share plus a dividend of $0.077448; this followed a transfer of its listing from Cboe BZX to NYSE Arca in January 2021 and marked a strategic wind-down amid challenging market conditions for thematic digital payments ETFs. No major partnerships, acquisitions, funding rounds, or new product launches have been reported for the fund in the last 1-2 years prior to its closure. The fund is no longer active, as confirmed by multiple financial databases listing it as delisted or out of business.