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Texas Capital Government Money Market ETF (NYSEARCA:MMKT - Get Free Report)'s share price traded up 0% during trading on Thursday. The stock traded as high as $100.26 and last traded at $100.26. 8,254 shares were traded during trading, a decline of 44% from the average session volume of 14,758 shares. The stock had previously
Schwab Asset Management has launched its first money market ETF, the Schwab Government Money Market ETF (SGVT) on the NYSE Arca today. With an expense ratio of 0.28%, the fund aims to provide current income while preserving capital and maintaining liquidity.
Money market mutual funds have long been a popular cash management tool for investors looking to park cash short-term, while preserving capital and picking up some return and yield. Now, there are money market ETFs for that, too.
Stocks are holding firm near all-time highs. But Wall Street can't ignore the record amounts of cash still parked on the sidelines.
Since they began trading in 1993, ETFs have been steadily encroaching on the various segments of the mutual fund industry. Starting with U.S. large-cap stocks in a passive portfolio, they have moved into almost all areas covered by mutual funds.
On this week's episode of ETF Prime, host Nate Geraci explored the energy investing sector with Stacey Morris, CFA, Head of Energy Research at VettaFi. Afterward, Carlos Pena, Vice President and Portfolio Manager at Texas Capital, joined the podcast to discuss the Texas Capital Government Money Market ETF (MMKT).
Today, Texas Capital launched its latest fund, the Texas Capital Government Money Market ETF (MMKT). MMKT has a net expense ratio of 0.20%.
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Full call transcripts — prepared remarks + analyst Q&A — with speaker-by-speaker formatting and one-click switching across every quarter on file.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.