SPDR Nuveen Municipal Bond ETF (BATS:MBND) Announces Dividend of $0.06

SPDR Nuveen Municipal Bond ETF (BATS:MBND) announced a dividend on Thursday, March 28th, NASDAQ reports. Stockholders 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 Stock Up 0.1 %

Shares of SPDR Nuveen Municipal Bond ETF stock traded up $0.02 during trading on Friday, hitting $27.53. The stock had a trading volume of 10 shares. The firm’s fifty day simple moving average is $27.45 and its two-hundred day simple moving average is $26.90.

Institutional Trading of SPDR Nuveen Municipal Bond ETF

Several institutional investors have recently modified their holdings of the company. Flow Traders U.S. LLC lifted its holdings 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 valued at $954,000 after buying an additional 15,907 shares during the period. Captrust Financial Advisors purchased a new stake in shares of SPDR Nuveen Municipal Bond ETF during the second quarter valued at $708,000. Finally, OLD Mission Capital LLC purchased a new stake in shares of SPDR Nuveen Municipal Bond ETF during the fourth quarter valued at $318,000.

About SPDR Nuveen Municipal Bond ETF

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.