Texas Capital Government Money Market ETF (NYSE:MMKT) Announces $0.07 Dividend

Texas Capital Government Money Market ETF (NYSE:MMKT) declared a dividend on Thursday, September 3rd. Investors of record on Friday, September 4th will be given a dividend of 0.0659 per share on Tuesday, September 8th. This represents a yield of 342.0%. The ex-dividend date is Friday, September 4th.

Texas Capital Government Money Market ETF Price Performance

Texas Capital Government Money Market ETF stock opened at $100.25 on Friday. Texas Capital Government Money Market ETF has a fifty-two week low of $99.84 and a fifty-two week high of $100.45. The firm has a fifty day moving average price of $100.22 and a two-hundred day moving average price of $100.23.

Hedge Funds Weigh In On Texas Capital Government Money Market ETF

Several large investors have recently made changes to their positions in MMKT. Texas Capital Bank Wealth Management Services Inc grew its holdings in Texas Capital Government Money Market ETF by 74.9% in the 4th quarter. Texas Capital Bank Wealth Management Services Inc now owns 11,578 shares of the company’s stock valued at $1,160,000 after buying an additional 4,957 shares during the last quarter. Meridian Wealth Management LLC bought a new stake in shares of Texas Capital Government Money Market ETF in the fourth quarter valued at approximately $949,000. Finally, Jane Street Group LLC bought a new position in Texas Capital Government Money Market ETF during the fourth quarter worth $1,351,000.

About Texas Capital Government Money Market ETF

The Texas Capital Government Money Market ETF (MMKT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in US government money market instruments, particularly overnight repurchase agreements with short-term maturities. The fund aims to balance income, liquidity, and capital preservation. MMKT was launched on Sep 24, 2024 and is issued by Texas Capital.