Monarch ProCap Index ETF (BATS:MPRO) Increases Dividend to $0.16 Per Share

Monarch ProCap Index ETF (BATS:MPRO) declared a quarterly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be given a dividend of 0.1619 per share on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, September 24th. This is a 12.8% increase from Monarch ProCap Index ETF’s previous quarterly dividend of $0.14.

Monarch ProCap Index ETF Price Performance

Shares of Monarch ProCap Index ETF stock traded up $0.02 during trading on Thursday, reaching $31.82. 52,781 shares of the stock traded hands, compared to its average volume of 24,106. Monarch ProCap Index ETF has a 52-week low of $30.17 and a 52-week high of $32.99. The business has a fifty day simple moving average of $32.47 and a two-hundred day simple moving average of $32.30. The company has a market capitalization of $267.25 million, a price-to-earnings ratio of 24.22 and a beta of 0.55.

About Monarch ProCap Index ETF

The Monarch ProCap ETF (MPRO) is an exchange-traded fund that is based on the Kingsview ProCap index. The fund tracks an index that allocates 90% to global equity and fixed income and 10% to alternatives, depending on the economic cycles. MPRO was launched on Mar 23, 2021 and is managed by Monarch.