Mairs & Power Minnesota Municipal Bond ETF (BATS:MINN) Raises Dividend to $0.06 Per Share

Mairs & Power Minnesota Municipal Bond ETF (BATS:MINN) announced a monthly dividend on Thursday, September 24th. Shareholders of record on Friday, September 25th will be given a dividend of $0.0584 per share on Wednesday, September 30th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, September 25th. This is a 1.5% increase from Mairs & Power Minnesota Municipal Bond ETF’s previous monthly dividend of $0.0575.

Mairs & Power Minnesota Municipal Bond ETF Stock Down 0.7%

BATS MINN opened at $20.93 on Friday. The company has a 50-day moving average price of $21.77 and a 200-day moving average price of $22.14. Mairs & Power Minnesota Municipal Bond ETF has a 52 week low of $20.93 and a 52 week high of $23.14.

Institutional Investors Weigh In On Mairs & Power Minnesota Municipal Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tradition Wealth Management LLC bought a new position in shares of Mairs & Power Minnesota Municipal Bond ETF in the fourth quarter worth about $1,051,000. Trust Point Inc. raised its holdings in Mairs & Power Minnesota Municipal Bond ETF by 236.6% during the second quarter. Trust Point Inc. now owns 40,395 shares of the company’s stock valued at $905,000 after acquiring an additional 28,395 shares during the period. Bayban bought a new stake in Mairs & Power Minnesota Municipal Bond ETF during the fourth quarter valued at about $736,000. First Heartland Consultants Inc. lifted its position in shares of Mairs & Power Minnesota Municipal Bond ETF by 12.4% in the second quarter. First Heartland Consultants Inc. now owns 19,878 shares of the company’s stock valued at $445,000 after acquiring an additional 2,189 shares in the last quarter. Finally, Ballast Advisors LLC bought a new position in shares of Mairs & Power Minnesota Municipal Bond ETF in the first quarter worth about $34,000.

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.