Texas Capital Government Money Market ETF (NYSEARCA:MMKT) Raises Dividend to $0.08 Per Share

Texas Capital Government Money Market ETF (NYSEARCA:MMKT) announced a dividend on Thursday, December 4th. Stockholders of record on Friday, December 5th will be paid a dividend of 0.0829 per share on Monday, December 8th. This represents a dividend yield of 430.0%. The ex-dividend date is Friday, December 5th. This is a 32.6% increase from Texas Capital Government Money Market ETF’s previous dividend of $0.06.

Texas Capital Government Money Market ETF Trading Up 0.0%

NYSEARCA:MMKT opened at $100.27 on Friday. Texas Capital Government Money Market ETF has a 12-month low of $99.82 and a 12-month high of $100.60. The stock has a fifty day moving average price of $100.24 and a 200 day moving average price of $100.23.

Institutional Trading of Texas Capital Government Money Market ETF

Several hedge funds have recently added to or reduced their stakes in MMKT. Jane Street Group LLC acquired a new position in Texas Capital Government Money Market ETF during the 1st quarter worth approximately $1,622,000. Texas Capital Bank Wealth Management Services Inc purchased a new stake in shares of Texas Capital Government Money Market ETF during the 3rd quarter worth $664,000. Townsquare Capital LLC acquired a new position in shares of Texas Capital Government Money Market ETF during the first quarter worth $631,000. Uniting Wealth Partners LLC purchased a new position in Texas Capital Government Money Market ETF in the third quarter valued at $602,000. Finally, Hummer Financial Advisory Services Inc acquired a new stake in Texas Capital Government Money Market ETF in the third quarter valued at $301,000.

About Texas Capital Government Money Market ETF

The Texas Capital Government Money Market ETF (MMKT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in US government money market instruments, particularly overnight repurchase agreements with short-term maturities. The fund aims to balance income, liquidity, and capital preservation.