Macquarie Tax-Free USA Short Term ETF (NYSEARCA:STAX) to Issue Monthly Dividend of $0.07

Macquarie Tax-Free USA Short Term ETF (NYSEARCA:STAX) declared a monthly dividend on Wednesday, November 26th. Stockholders of record on Friday, November 28th will be given a dividend of 0.0683 per share on Thursday, December 4th. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, November 28th. This is a 0.1% increase from Macquarie Tax-Free USA Short Term ETF’s previous monthly dividend of $0.07.

Macquarie Tax-Free USA Short Term ETF Price Performance

Shares of NYSEARCA:STAX traded up $0.01 during midday trading on Thursday, reaching $25.51. 124 shares of the company were exchanged, compared to its average volume of 627. The business’s fifty day moving average is $25.54 and its two-hundred day moving average is $25.45. Macquarie Tax-Free USA Short Term ETF has a one year low of $25.01 and a one year high of $25.71.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Macquarie Tax-Free USA Short Term ETF stock. Jane Street Group LLC increased its position in Macquarie Tax-Free USA Short Term ETF (NYSEARCA:STAX) by 385.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,224 shares of the company’s stock after buying an additional 39,878 shares during the period. Jane Street Group LLC owned 25.11% of Macquarie Tax-Free USA Short Term ETF worth $1,269,000 at the end of the most recent quarter.

Macquarie Tax-Free USA Short Term ETF Company Profile

The Macquarie Tax-Free USA Short Term ETF (STAX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively invests in municipal securities exempt from federal income taxes. It will hold short-term, investment grade and high yield Muni bonds issued in the US with effective maturity of between 1 and 5 years.