ST Premium
For just $1, you can unlock ST Grading’s top-rated stocks that consistently beat the market.Our AI-powered Smart Screener finds winning trades in seconds, helping you uncover hidden opportunities before others do.
Texas Capital Government Money Market ETF (MMKT) stock surged +0.01%, trading at $100.23 on NYSE, up from the previous close of $100.21. The stock opened at $100.21, fluctuating between $100.21 and $100.23 in the recent session.
MMKT is the first ETF to comply with Rule 2a-7 of the 1940 Act, technically qualifying as a government money market fund. The rule is designed to preserve stability and liquidity, ensuring that redemption requests can be fulfilled. However, MMKT will not maintain a stable net asset value (NAV) of $1. The fund will allocate at least 99.5% of its assets to cash, US government securities, or fully collateralized repurchase agreements. The objective is to generate competitive yields while preserving capital. Note that a significant portion of the funds assets are overnight repurchase agreements, and income from these may not be exempt from state and local taxes, which could affect the after-tax yield compared to traditional government securities.
Employees | 0 |
Beta | 0.01 |
Sales or Revenue | N/A |
5Y Sales Change% | N/A |
Fiscal Year Ends | N/A |
Sector | Financial Services |
Industry | Asset Management |
© 2025 Stocks Telegraph All rights reserved.
Most stock quote data provided by Financial Modeling Prep