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  • Urbana Corp (CSE:URB.A) is making additional investments in Evolve Funds Group
  • Evolve is a Canadian ETF provider based in Toronto
  • The acquisition brings Urbana’s total ownership interest in Evolve, both direct and indirect, from 22.8 percent to 31.3 per cent on a fully diluted basis
  • Evolve is currently one of Canada’s fastest growing ETF providers
  • Urbana Corp is up 1.27 per cent, trading at $3.98 at 1:02 pm ET

Urbana Corp (URB.A) is making additional investments in Evolve Funds Group.

Evolve is a Canadian ETF provider based in Toronto. The firm is currently one of Canada’s fastest growing ETF providers.

Urbana Corp is an investment firm located in Toronto that has been operating since 1947.

Urbana’s latest acquisition brings its total ownership interest in Evolve, both direct and indirect, from 22.8 per cent to 31.3 per cent on a fully diluted basis.

Urbana first invested in Evolve in February 2018, five months after it launched its first ETF. Since that time, Evolve has developed and successfully launched a suite of ETFs. Currently it has over $2 billion in assets under management.

Urbana’s investments are managed by Caldwell Investment Management.

In June, the company announced its most recent earnings, with a growth rate of 1.55 per cent per share on a year to date basis.

Urbana Corp is up 1.27 percent, trading at $3.98 at 1:02 pm ET.


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