ETF sponsor Innovator Capital Management said on Thursday that its Board of Trustees has approved liquidation plans for the Innovator Gradient Tactical Rotation Strategy ETF (IGTR) and the Innovator Hedged Nasdaq-100 ETF (QHDG).
The funds will stop accepting creation orders from Authorized Participants on July 3, 2026. Shareholders can sell shares on the funds’ respective listing exchanges, NYSE Arca for IGTR and Nasdaq for QHDG, until market close on July 10. Both funds will be delisted after that.
Holders who remain through the liquidation date, expected on or about July 15, will receive a cash distribution equal to the net asset value of their shares. For tax purposes, shareholders will generally recognize a capital gain or loss relative to their adjusted basis, according to the notice.
The plans, effective as of June 17, were approved at Innovator’s recommendation and are not subject to shareholder approval. The notice did not state a reason for the closures.
Wheaton, Illinois-based Innovator managed 179 ETFs with approximately $34.2 billion in assets under management as of May 31. The firm became an indirect, wholly owned subsidiary of Goldman Sachs on April 1 following an acquisition by GSAM Holdings LLC.
