First mutual fund-ETF conversion trades higher

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The SmartETFs Dividend Builder ETF was 0.1% higher Monday, its first day as an exchange-traded fund. The fund made history by becoming one of two of the first mutual funds, along with the SmartETFs Asia Pacific Dividend Builder ETF , to convert their structure. The conversion was first announced early in March by fund sponsor Guinness Atkinson Asset Management.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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