Point Bridge America First ETF (BATS:MAGA) Trading Up 0.4% – Time to Buy?

Point Bridge America First ETF (BATS:MAGA)’s share price rose 0.4% on Tuesday . The stock traded as high as $55.74 and last traded at $55.72. Approximately 758 shares traded hands during trading, a decline of 50% from the average daily volume of 1,502 shares. The stock had previously closed at $55.48.

Point Bridge America First ETF Stock Performance

The company’s 50 day simple moving average is $53.10 and its 200 day simple moving average is $52.29. The stock has a market cap of $34.83 million, a PE ratio of 20.33 and a beta of 0.94.

Point Bridge America First ETF Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were issued a dividend of $0.826 per share. This represents a yield of 159.0%. The ex-dividend date was Tuesday, December 30th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Point Bridge America First ETF stock. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Point Bridge America First ETF (BATS:MAGA) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,700 shares of the company’s stock, valued at approximately $138,000. KERR FINANCIAL PLANNING Corp owned about 0.43% of Point Bridge America First ETF at the end of the most recent reporting period.

Point Bridge America First ETF Company Profile

The Point Bridge America First ETF (MAGA) is an exchange-traded fund that is based on the Point Bridge America First index. The fund tracks an index of US large-cap companies whose employees and political action committees are highly supportive of Republican candidates. MAGA was launched on Sep 6, 2017 and is managed by Point Bridge Capital.