Point Bridge America First ETF (BATS:MAGA) Trading Up 10.3% – Time to Buy?

Point Bridge America First ETF (BATS:MAGA) was up 10.3% during trading on Tuesday . The company traded as high as $49.07 and last traded at $53.1050. Approximately 4,311 shares changed hands during mid-day trading, an increase of 32% from the average daily volume of 3,254 shares. The stock had previously closed at $48.16.

Point Bridge America First ETF Stock Up 10.3%

The stock has a market capitalization of $33.19 million, a PE ratio of 20.33 and a beta of 0.94. The business’s 50-day moving average is $52.33 and its two-hundred day moving average is $51.98.

Point Bridge America First ETF Dividend Announcement

The company also recently announced an annual dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were issued a $0.826 dividend. This represents a dividend yield of 159.0%. The ex-dividend date of this dividend was Tuesday, December 30th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Point Bridge America First ETF stock. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Point Bridge America First ETF (BATS:MAGA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,700 shares of the company’s stock, valued at approximately $138,000. KERR FINANCIAL PLANNING Corp owned 0.43% of Point Bridge America First ETF as of its most recent SEC filing.

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.