Point Bridge America First ETF (BATS:MAGA) Trading Up 9.2% – Time to Buy?

Shares of Point Bridge America First ETF (BATS:MAGA) traded up 9.2% on Monday . The stock traded as high as $49.07 and last traded at $52.60. 4,311 shares changed hands during trading, an increase of 32% from the average session volume of 3,254 shares. The stock had previously closed at $48.16.

Point Bridge America First ETF Stock Up 9.2%

The stock’s fifty day moving average price is $52.02 and its 200-day moving average price is $49.71. The company has a market capitalization of $32.87 million, a price-to-earnings ratio of 20.33 and a beta of 0.94.

Hedge Funds Weigh In On Point Bridge America First ETF

A hedge fund recently raised its stake in Point Bridge America First ETF stock. Nova Wealth Management Inc. grew its stake in Point Bridge America First ETF (BATS:MAGA) by 540.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 525 shares of the company’s stock after acquiring an additional 443 shares during the period. Nova Wealth Management Inc. owned 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.