Point Bridge America First ETF (BATS:MAGA) Trading Up 10% – Here’s Why

Point Bridge America First ETF (BATS:MAGA) shares rose 10% during trading on Thursday . The company traded as high as $49.07 and last traded at $52.96. Approximately 4,311 shares were traded during mid-day trading, an increase of 32% from the average daily volume of 3,254 shares. The stock had previously closed at $48.16.

Point Bridge America First ETF Stock Up 10.0%

The stock has a market cap of $33.10 million, a P/E ratio of 20.33 and a beta of 0.94. The firm has a 50 day moving average price of $51.80 and a 200 day moving average price of $51.31.

Institutional Inflows and Outflows

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

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.