There's An ETF That Pays You Like A Money Market Fund — It Just Started Trading
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 26 2024
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Source: Benzinga
Introduction of Texas Capital Government Money Market ETF: The $6.3 trillion money-market industry has launched its first ETF, the Texas Capital Government Money Market ETF, which offers intraday liquidity and a low expense ratio of 0.20%, investing primarily in cash and U.S. government securities to provide competitive returns amid market uncertainty.
Investor Appeal and Strategic Benefits: This ETF caters to investors seeking secure, liquid alternatives with the added advantage of intraday trading, making it particularly attractive for those prioritizing liquidity and income in a higher-interest-rate environment while maintaining compliance with SEC regulations.
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.
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Current: 100.285
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Current: 100.285
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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.
