SPDR Nuveen Municipal Bond ETF (BATS:MBND) Announces Dividend Increase – $0.06 Per Share

SPDR Nuveen Municipal Bond ETF (BATS:MBND) announced a dividend on Thursday, March 28th, NASDAQ reports. Investors of record on Tuesday, April 2nd will be paid a dividend of 0.0588 per share on Friday, April 5th. The ex-dividend date of this dividend is Monday, April 1st. This is a boost from SPDR Nuveen Municipal Bond ETF’s previous dividend of $0.04.

SPDR Nuveen Municipal Bond ETF Trading Up 0.1 %

Shares of BATS:MBND traded up $0.02 during midday trading on Friday, hitting $27.53. 10 shares of the stock were exchanged. The stock’s 50-day moving average is $27.45 and its two-hundred day moving average is $26.90.

Hedge Funds Weigh In On SPDR Nuveen Municipal Bond ETF

Several institutional investors have recently bought and sold shares of the stock. OLD Mission Capital LLC bought a new position in SPDR Nuveen Municipal Bond ETF during the fourth quarter valued at about $318,000. Captrust Financial Advisors bought a new position in shares of SPDR Nuveen Municipal Bond ETF in the second quarter worth about $708,000. Finally, Flow Traders U.S. LLC increased its stake in shares of SPDR Nuveen Municipal Bond ETF by 82.6% in the first quarter. Flow Traders U.S. LLC now owns 35,160 shares of the company’s stock worth $954,000 after purchasing an additional 15,907 shares during the period.

SPDR Nuveen Municipal Bond ETF Company Profile

The SPDR Nuveen Municipal Bond ETF (MBND) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively-managed to invest in US municipal bonds with varying credit quality. The portfolio targets a weighted average maturity of 5-12 years. MBND was launched on Feb 3, 2021 and is managed by State Street.