Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) to Issue Quarterly Dividend of $0.08

Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) announced a quarterly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be given a dividend of 0.0847 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, September 24th.

Monarch Volume Factor Dividend Tree Index ETF Trading Up 0.6%

MVFD traded up $0.18 on Thursday, hitting $30.70. 2,339 shares of the stock traded hands, compared to its average volume of 11,571. Monarch Volume Factor Dividend Tree Index ETF has a 52 week low of $26.00 and a 52 week high of $32.06. The business has a fifty day moving average price of $31.19 and a two-hundred day moving average price of $30.37.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Monarch Volume Factor Dividend Tree Index ETF stock. Envestnet Asset Management Inc. raised its holdings in Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) by 4.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,530 shares of the company’s stock after buying an additional 2,369 shares during the quarter. Envestnet Asset Management Inc. owned 2.01% of Monarch Volume Factor Dividend Tree Index ETF worth $1,635,000 as of its most recent SEC filing.

Monarch Volume Factor Dividend Tree Index ETF Company Profile

The Monarch Volume Factor Dividend Tree Index ETF (MVFD) is an exchange-traded fund that is based on the Monarch Volume Factor Dividend Tree index. The fund tracks an equal-weighted index comprised of US equities that are exhibiting positive cash flow and dividend-paying capabilities. The fund can toggle to short-term US Treasury securities when cash flow trend is negative. MVFD was launched on Mar 6, 2024 and is issued by Monarch.