GammaRoad Market Navigation ETF (NYSEARCA:GMMA) Increases Dividend to $0.34 Per Share

GammaRoad Market Navigation ETF (NYSEARCA:GMMA) declared a quarterly dividend on Monday, December 29th. Stockholders of record on Tuesday, December 30th will be paid a dividend of 0.3367 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Tuesday, December 30th. This is a 167.6% increase from GammaRoad Market Navigation ETF’s previous quarterly dividend of $0.13.

GammaRoad Market Navigation ETF Stock Down 0.1%

NYSEARCA GMMA opened at $21.54 on Tuesday. The firm has a market cap of $6.03 million, a PE ratio of 25.87 and a beta of 0.36. GammaRoad Market Navigation ETF has a 52 week low of $19.75 and a 52 week high of $21.60. The company has a 50 day moving average price of $21.40 and a 200 day moving average price of $21.08.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in GammaRoad Market Navigation ETF stock. Flow Traders U.S. LLC bought a new stake in shares of GammaRoad Market Navigation ETF (NYSEARCA:GMMA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 22,164 shares of the company’s stock, valued at approximately $455,000. Flow Traders U.S. LLC owned approximately 7.92% of GammaRoad Market Navigation ETF at the end of the most recent reporting period.

About GammaRoad Market Navigation ETF

The GammaRoad Market Navigation ETF (GMMA) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is actively managed, seeking capital growth through a portfolio that can alternate allocations between US large-cap equities and US T-Bills based on daily market conditions. The fund may allocate to a 2x leveraged ETF. GMMA was launched on Sep 16, 2024 and is issued by GammaRoad.