Texas Capital Government Money Market ETF (NYSEARCA:MMKT) Declares Dividend of $0.09

Texas Capital Government Money Market ETF (NYSEARCA:MMKT) declared a dividend on Thursday, January 22nd. Stockholders of record on Friday, January 23rd will be paid a dividend of 0.0901 per share on Monday, January 26th. This represents a dividend yield of 468.0%. The ex-dividend date of this dividend is Friday, January 23rd. This is a 35.3% increase from Texas Capital Government Money Market ETF’s previous dividend of $0.07.

Texas Capital Government Money Market ETF Stock Performance

Shares of NYSEARCA:MMKT traded down $0.09 during mid-day trading on Friday, reaching $100.21. 768 shares of the company were exchanged, compared to its average volume of 14,269. The firm’s 50-day simple moving average is $100.24 and its 200 day simple moving average is $100.24. Texas Capital Government Money Market ETF has a 1 year low of $99.82 and a 1 year high of $100.60.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC purchased a new stake in shares of Texas Capital Government Money Market ETF in the 1st quarter valued at $1,622,000. Texas Capital Bank Wealth Management Services Inc purchased a new position in Texas Capital Government Money Market ETF during the 3rd quarter valued at about $664,000. Uniting Wealth Partners LLC purchased a new position in Texas Capital Government Money Market ETF during the 3rd quarter valued at about $602,000. Hummer Financial Advisory Services Inc grew its position in Texas Capital Government Money Market ETF by 66.7% in the 4th quarter. Hummer Financial Advisory Services Inc now owns 5,000 shares of the company’s stock valued at $501,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Red Tortoise LLC acquired a new position in Texas Capital Government Money Market ETF in the 3rd quarter valued at about $28,000.

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. MMKT was launched on Sep 24, 2024 and is issued by Texas Capital.