Dana Investment Advisors Launches Two New Actively Managed ETFs

Dana Investment Advisors, a boutique asset management firm with over four decades of experience, has announced the launch of two new actively managed exchange-traded funds (ETFs) in partnership with Tidal Financial Group. The Dana Unconstrained Equity ETF (DUNK) and the Dana Concentrated Dividend ETF (DIVE) represent an expansion of Dana's product lineup, building on its established separately managed accounts and mutual fund offerings to meet growing investor demand for ETF vehicles. These new funds are designed to provide investors with access to established investment strategies in a flexible, tax-efficient ETF structure.

Key Takeaways:

• Dana Investment Advisors has launched two new actively managed ETFs, the Dana Unconstrained Equity ETF (DUNK) and the Dana Concentrated Dividend ETF (DIVE), in partnership with Tidal Financial Group.
• The Dana Unconstrained Equity ETF (DUNK) seeks long-term growth of capital and invests primarily in equity securities of U.S.-listed companies engaged in or poised to benefit from disruptive technologies, with a high-conviction strategy focusing on companies with strong fundamentals and clear valuation frameworks.
• The Dana Concentrated Dividend ETF (DIVE) seeks long-term capital appreciation and income, focusing on approximately 25 to 35 primarily dividend-paying equity securities across most U.S. equity market sectors, targeting companies with attractive dividend characteristics and robust fundamentals.
• Both ETFs are sub-advised by Dana Investment Advisors, with Tidal Investments LLC serving as the investment adviser, and are listed on the NYSE Arca exchange.
• As of June 30, 2025, Dana Investment Advisors advises on over $9.5 billion in assets.
• The firm has successfully managed the investment strategies underlying DUNK and DIVE in separate account formats for over five years, demonstrating a track record of performance in unconstrained equity and concentrated dividend approaches.

Statistics:

• Dana Investment Advisors advises on over $9.5 billion in assets as of June 30, 2025.
• The firm has managed the investment strategies underlying DUNK and DIVE in separate account formats for over five years.
• Tidal Financial Group provides comprehensive support for the creation, operation, and growth of these funds, facilitating Dana's entry into the ETF space.
• As of 2025, Tidal Financial Group manages assets exceeding $45 billion, partnering with over 75 issuers.

Sources:

• Globenewswire, "Dana Investment Advisors Launches Two New Actively Managed Exchange-Traded Funds (ETFs)", September 17, 2025
• Tidal Financial Group, "About Tidal Financial Group", (accessed September 17, 2025)
• Dana Investment Advisors, "About Dana Investment Advisors, Inc.", (accessed September 17, 2025)
• Foreside Fund Services, LLC, "Distributed by Foreside Fund Services, LLC", (accessed September 17, 2025)