Point Bridge America First ETF (BATS:MAGA) Stock Price Up 0.3% – Still a Buy?

Shares of Point Bridge America First ETF (BATS:MAGA) traded up 0.3% during mid-day trading on Tuesday . The company traded as high as $53.28 and last traded at $53.13. 1,373 shares traded hands during trading, an increase of 12% from the average session volume of 1,226 shares. The stock had previously closed at $52.95.

Point Bridge America First ETF Stock Up 0.3%

The company has a 50-day moving average price of $54.49 and a 200-day moving average price of $52.91. The company has a market capitalization of $33.21 million, a price-to-earnings ratio of 20.33 and a beta of 0.94.

Point Bridge America First ETF Announces Dividend

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake 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) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,700 shares of the company’s stock, valued at approximately $138,000. KERR FINANCIAL PLANNING Corp owned about 0.43% of Point Bridge America First ETF as of its most recent SEC filing.

About Point Bridge America First ETF

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.