Point Bridge America First ETF (BATS:MAGA) Trading Down 1.1% – What’s Next?

Point Bridge America First ETF (BATS:MAGA)’s stock price dropped 1.1% on Tuesday . The company traded as low as $55.00 and last traded at $55.62. Approximately 1,316 shares changed hands during mid-day trading, a decline of 2% from the average daily volume of 1,339 shares. The stock had previously closed at $56.22.

Point Bridge America First ETF Stock Performance

The stock has a market cap of $34.76 million, a P/E ratio of 20.33 and a beta of 0.94. The firm’s 50 day moving average is $54.09 and its 200 day moving average is $52.75.

Point Bridge America First ETF Announces Dividend

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

Institutional Trading of Point Bridge America First ETF

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

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.