Mkam Etf (NASDAQ:MKAM) Shares Break Above 200-Day Moving Average – Here’s Why

Shares of Mkam Etf (NASDAQ:MKAM) crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $31.60 and traded as high as $31.63. Mkam Etf shares last traded at $31.7360, with a volume of 7 shares.

Mkam Etf Price Performance

The stock has a market cap of $13.33 million, a price-to-earnings ratio of 24.59 and a beta of 0.41. The company’s fifty day moving average price is $32.30 and its 200-day moving average price is $31.60.

Mkam Etf Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were paid a $0.1471 dividend. This is a drop from Mkam Etf’s previous quarterly dividend of $0.1531. The ex-dividend date was Monday, September 28th. This represents a $0.59 dividend on an annualized basis and a yield of 1.9%.

Mkam Etf Company Profile

The MKAM ETF (MKAM) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund seeks to provide the performance return of US large-cap equities, but with less volatility and downside risk. The actively managed fund utilizes a proprietary multi-factor model to shift the portfolios exposure between equities and fixed income investments. MKAM was launched on Apr 12, 2023 and is managed by MKAM.