Mairs & Power Minnesota Municipal Bond ETF (BATS:MINN) Announces Dividend Increase – $0.05 Per Share

Mairs & Power Minnesota Municipal Bond ETF (BATS:MINN) declared a monthly dividend on Thursday, February 19th. Shareholders of record on Friday, February 20th will be given a dividend of 0.0489 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, February 20th. This is a 24.4% increase from Mairs & Power Minnesota Municipal Bond ETF’s previous monthly dividend of $0.04.

Mairs & Power Minnesota Municipal Bond ETF Stock Down 0.1%

Shares of BATS MINN traded down $0.03 during mid-day trading on Friday, reaching $22.72. 1,114 shares of the company’s stock traded hands, compared to its average volume of 7,530. The business has a 50-day simple moving average of $22.58 and a 200 day simple moving average of $22.36. Mairs & Power Minnesota Municipal Bond ETF has a 1-year low of $20.94 and a 1-year high of $23.03.

Institutional Trading of Mairs & Power Minnesota Municipal Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of MINN. Mairs & Power Inc. boosted its position in shares of Mairs & Power Minnesota Municipal Bond ETF by 11.2% during the third quarter. Mairs & Power Inc. now owns 229,186 shares of the company’s stock valued at $5,102,000 after buying an additional 23,000 shares during the last quarter. OneAscent Financial Services LLC boosted its holdings in Mairs & Power Minnesota Municipal Bond ETF by 10.3% during the 4th quarter. OneAscent Financial Services LLC now owns 53,285 shares of the company’s stock worth $1,202,000 after acquiring an additional 4,978 shares during the last quarter. Tradition Wealth Management LLC bought a new stake in shares of Mairs & Power Minnesota Municipal Bond ETF in the 4th quarter worth $1,051,000. Focus Partners Advisor Solutions LLC raised its holdings in shares of Mairs & Power Minnesota Municipal Bond ETF by 146.8% in the third quarter. Focus Partners Advisor Solutions LLC now owns 32,084 shares of the company’s stock valued at $722,000 after purchasing an additional 19,082 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Mairs & Power Minnesota Municipal Bond ETF by 45.2% during the second quarter. Jane Street Group LLC now owns 30,306 shares of the company’s stock valued at $658,000 after purchasing an additional 9,441 shares in the last quarter.

About Mairs & Power Minnesota Municipal Bond ETF

The Mairs & Power Minnesota Municipal Bond ETF (MINN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to target mainly investment-grade municipal securities of various maturities, with interest income that is exempted from federal and Minnesota state income tax. MINN was launched on Mar 12, 2021 and is managed by Mairs & Power.