Monarch ProCap Index ETF (BATS:MPRO) Plans Dividend Increase – $0.16 Per Share

Monarch ProCap Index ETF (BATS:MPRO) announced a quarterly dividend on Wednesday, September 23rd. Shareholders of record on Thursday, September 24th will be paid a dividend of 0.1619 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, September 24th. This is a 12.8% increase from Monarch ProCap Index ETF’s previous quarterly dividend of $0.14.

Monarch ProCap Index ETF Price Performance

Shares of BATS:MPRO remained flat at $31.80 on Thursday. The stock had a trading volume of 52,781 shares, compared to its average volume of 24,106. Monarch ProCap Index ETF has a one year low of $30.17 and a one year high of $32.99. The firm has a fifty day simple moving average of $32.47 and a 200 day simple moving average of $32.30. The stock has a market cap of $267.12 million, a PE ratio of 24.22 and a beta of 0.55.

Monarch ProCap Index ETF Company Profile

The Monarch ProCap ETF (MPRO) is an exchange-traded fund that is based on the Kingsview ProCap index. The fund tracks an index that allocates 90% to global equity and fixed income and 10% to alternatives, depending on the economic cycles. MPRO was launched on Mar 23, 2021 and is managed by Monarch.