Point Bridge America First ETF (BATS:MAGA) Stock Price Up 7.8% – What’s Next?

Shares of Point Bridge America First ETF (BATS:MAGA) rose 7.8% during trading on Tuesday . The stock traded as high as $49.07 and last traded at $51.91. 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 Trading Up 7.8%

The stock has a market capitalization of $32.44 million, a PE ratio of 20.33 and a beta of 0.94. The company’s 50 day simple moving average is $52.16 and its 200 day simple moving average is $50.35.

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. raised its stake in Point Bridge America First ETF (BATS:MAGA) by 540.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 525 shares of the company’s stock after purchasing an additional 443 shares during the quarter. Nova Wealth Management Inc. owned about 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.