ETC 6 Meridian Hedged Equity Index Option ETF
SIXH
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 10900 Hefner Pointe Drive, Suite 207 Oklahoma City OK United States of America 73120
- IPO Date
- May 11, 2020
- CIK
- 0001452937
- Website
- 6meridianfunds.com
- Similar Companies
- Business
- ETC 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) is an actively managed exchange-traded fund that provides exposure to U.S. large-cap equities while employing a hedged option strategy involving the sale of call options on the SPDR S&P 500 ETF Trust (SPY) to generate income and offer downside protection. Launched on May 11, 2020, and domiciled in the United States, the ETF is issued by Exchange Traded Concepts Trust and sponsored by 6 Meridian LLC, with sub-advisory services provided by Madison Avenue Financial Solutions, LLC; it benchmarks performance against the Cboe S&P 500 BuyWrite Index and maintains a portfolio primarily consisting of value, momentum, and volatile stocks across diversified sectors and market capitalizations, including top holdings such as SPDR S&P 500 ETF Trust, iShares 0-3 Month Treasury Bond ETF, and Bristol-Myers Squibb. The fund, with total net assets exceeding $500 million, targets investors seeking derivative income through quantitative analysis and derivatives like options, operating with a net expense ratio of 0.73% and distributing income via options premiums. SIXH forms part of the 6 Meridian family of ETFs managed under Exchange Traded Concepts, which includes sibling funds such as ETC 6 Meridian Low Beta Equity ETF (SIXL), ETC 6 Meridian Mega Cap Equity ETF (SIXA), ETC 6 Meridian Small Cap Equity ETF (SIXS), and ETC 6 Meridian Quality Growth ETF (SXQG); these funds focus on equity strategies emphasizing low beta, mega-cap, small-cap, and quality growth segments, respectively. Headquartered at 8301 E 21st N, #150, Wichita, Kansas 67206, 6 Meridian LLC draws its name from the historic Sixth Principal Meridian and operates primarily in the U.S. market, serving institutional and retail investors through platforms listing NYSE Arca-traded shares. In recent developments, the ETF has experienced portfolio adjustments, including significant position changes such as reducing Wells Fargo & Co shares by 100,788 and adding Abbott Laboratories shares totaling 49,826 as of October 2024, alongside ongoing active management to adapt to market conditions. Exchange Traded Concepts, the issuer managing over $3.87 billion in assets across 20 ETFs including SIXH, continues to expand its product suite without reported major acquisitions, funding rounds, or strategic alliances specific to SIXH in 2024-2025; meanwhile, 6 Meridian LLC underwent a strategic investment and subsequent full acquisition by Hightower Advisors in 2024, bolstering its operational support amid industry consolidation. The fund maintains steady assets under management around $484-527 million, reflecting resilience in the derivative income category amid broader equity market volatility.