Point Bridge America First ETF (BATS:MAGA) Shares Up 9.6% – What’s Next?

Point Bridge America First ETF (BATS:MAGA)’s stock price was up 9.6% during trading on Friday . The stock traded as high as $49.07 and last traded at $52.79. Approximately 4,311 shares traded hands during 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 Performance

The firm has a market capitalization of $32.99 million, a PE ratio of 20.33 and a beta of 0.94. The firm has a fifty day moving average of $50.98 and a 200 day moving average of $48.96.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Point Bridge America First ETF stock. Nova Wealth Management Inc. boosted its position in Point Bridge America First ETF (BATS:MAGA) by 540.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 525 shares of the company’s stock after buying an additional 443 shares during the quarter. Nova Wealth Management Inc. owned approximately 0.08% of Point Bridge America First ETF worth $26,000 at the end of the most recent quarter.

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.