Arrow Reverse Cap 500 ETF
RVRS
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
•
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
FRC
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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
- IPO Date
- Oct 31, 2017
- CIK
- 0001540305
- Similar Companies
- Business
- Arrow Reverse Cap 500 ETF (RVRS) is an exchange-traded fund that seeks to track the performance, before fees and expenses, of the Reverse Cap Weighted U.S. Large Cap Index by investing in the constituents of the S&P 500 Index weighted by reverse market capitalization, thereby placing greater emphasis on smaller companies within the large-cap segment. The fund offers investors exposure to a modified large-cap U.S. equity strategy designed to potentially capture the cross-section of expected returns associated with smaller firms in the S&P 500 universe; its expense ratio stands at 0.29% of average daily net assets. RVRS trades on U.S. exchanges and targets institutional and retail investors seeking alternative weighting methodologies to traditional market-cap approaches within the U.S. large-cap equity market. Sponsored and managed by Arrow Investment Advisors, LLC (doing business as Arrow Funds or ArrowShares), an independent registered investment adviser founded in 2006 and headquartered in Olney, Maryland, the firm provides a suite of ETFs focused on innovative strategies including commodity, tactical allocation, and alternative weighting approaches. Arrow Funds oversees approximately four ETFs with total assets under management of around $79 million, positioning it among smaller ETF providers in the U.S. market. Launched on October 31, 2017, with CUSIP 042765677, RVRS previously traded under the ticker YPS prior to a rebranding, and its geographic focus remains predominantly on U.S.-domiciled large-cap companies comprising over 95% of holdings, with minor exposures to Ireland, the United Kingdom, and other regions. In recent developments, Arrow Funds announced the closure and liquidation of the ETF under its prior YPS ticker on February 12, 2024, with trading suspended on February 27, 2024, and proceeds distributed to shareholders on or about March 1, 2024; the fund was subsequently relaunched or continued under the RVRS ticker. Additionally, in February 2024, Arrow Funds executed a strategic shift by moving several of its ETFs, including related products, from NYSE Arca to the New York Stock Exchange to enhance listing and trading dynamics. No major partnerships, funding rounds, or acquisitions involving RVRS have been reported in the last 1-2 years.