BATS added a new exchange-traded fund provider to its clientele, Alpha Architect, which listed its first ETF on the bourse today.
The new Alpha Architect EFT, the ValueShares U.S. Quantitative Value ETF (BATS: QVAL) begins trading today on BATS Exchange.
The ValueShares U.S. Quantitative Value ETF, which is an actively managed exchange-traded fund, seeks to provide long-term capital appreciation by investing in value securities of U.S. companies across industries and market capitalizations. The fund will invest in approximately 50 of the top U.S. equity securities determined by a quantitative model developed by Alpha Architect Founder and chief investment officer, Wesley R. Gray.
