Texas Capital Launches Government Money Market Exchange Traded Fund
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 25 2024
0mins
Source: Newsfilter
Launch of New ETF: Texas Capital Bank has introduced the Texas Capital Government Money Market ETF (MMKT ETF), which is designed to provide investors with a liquid investment option in short-term U.S. government debt, combining the features of an ETF and a money market fund.
Investment Strategy and Management: The MMKT ETF aims to maintain liquidity and stability of principal while offering competitive interest income, managed by experienced professionals from Texas Capital Bank Private Wealth Advisors, under the regulatory framework of Rule 2a-7.
Analyst Views on MMKT
Wall Street analysts forecast MMKT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MMKT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 100.285
Low
Averages
High
Current: 100.285
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
