TappAlpha's TDAQ Hits $330M AUM in Year One, Tripling Rare ETF Milestone
TSPY is trading near its 52-week low of $22.665 (11% above the low).
Summary
TappAlpha's Innovation 100 Growth & Daily Income ETF (TDAQ) closed its first year with $330 million in assets, a milestone only 11% of active ETFs reach. The fund delivered a 26.61% total return and a 17.26% average annualized distribution rate, distributing $4.12 per share. This follows TSPY, the firm's first fund, which crossed $300 million in June 2026 after 22 months—TDAQ hit the same level in half the time. TappAlpha now manages roughly $750 million across five ETFs, signaling strong adoption of its Growth + Income strategy. The rapid asset accumulation and competitive performance metrics make this a notable development for the fund family, though the announcement is a company PR release rather than a market-moving event.
At the time of this announcement, TSPY was trading at $25.20 on NASDAQ in the Finance sector. The 52-week trading range was $22.67 to $26.67. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.