Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD – Get Free Report) declared a quarterly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be given a dividend of 0.0847 per share on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, September 24th.
Monarch Volume Factor Dividend Tree Index ETF Stock Performance
MVFD stock traded up $0.18 during midday trading on Thursday, reaching $30.70. The stock had a trading volume of 2,339 shares, compared to its average volume of 11,571. The firm has a fifty day simple moving average of $31.19 and a two-hundred day simple moving average of $30.37. Monarch Volume Factor Dividend Tree Index ETF has a 52-week low of $26.00 and a 52-week high of $32.06.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Monarch Volume Factor Dividend Tree Index ETF stock. Envestnet Asset Management Inc. grew its holdings in Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD – Free Report) by 4.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,530 shares of the company’s stock after acquiring an additional 2,369 shares during the period. Envestnet Asset Management Inc. owned about 2.01% of Monarch Volume Factor Dividend Tree Index ETF worth $1,635,000 at the end of the most recent quarter.
About Monarch Volume Factor Dividend Tree Index ETF
The Monarch Volume Factor Dividend Tree Index ETF (MVFD) is an exchange-traded fund that is based on the Monarch Volume Factor Dividend Tree index. The fund tracks an equal-weighted index comprised of US equities that are exhibiting positive cash flow and dividend-paying capabilities. The fund can toggle to short-term US Treasury securities when cash flow trend is negative. MVFD was launched on Mar 6, 2024 and is issued by Monarch.
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