Point Bridge America First ETF (BATS:MAGA) Stock Price Down 1.1% – Time to Sell?

Point Bridge America First ETF (BATS:MAGAGet Free Report) was down 1.1% during trading on Tuesday . The company traded as low as $55.00 and last traded at $55.62. Approximately 1,316 shares were traded 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 Trading Down 1.1%

The firm has a market cap of $34.45 million, a P/E ratio of 20.33 and a beta of 0.94. The firm’s 50 day moving average is $54.15 and its two-hundred day moving average is $52.77.

Point Bridge America First ETF Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were issued a dividend of $0.826 per share. The ex-dividend date was Tuesday, December 30th. This represents a dividend yield of 159.0%.

Hedge Funds Weigh In On 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 position in shares of Point Bridge America First ETF (BATS:MAGAFree Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 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 at the end of the most recent quarter.

About Point Bridge America First ETF

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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.

Further Reading

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