VettaFi Locks In SPADE Defense Index Acquisition
VettaFi, a growing index provider, announced it has acquired The SPADE Defense Index, which tracks the defense sector. The acquisition extends VettaFi's momentum as a differentiated index provider in 2026.
Why it matters — General Dynamics is a component of defense sector indexes, so consolidation among index providers could affect how defense companies are represented in related ETFs.