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

SPDR Nuveen Municipal Bond ETF (BATS:MBNDGet Free Report) declared a dividend on Friday, May 31st, NASDAQ reports. Investors of record on Monday, June 3rd will be paid a dividend of 0.0608 per share on Thursday, June 6th. The ex-dividend date of this dividend is Monday, June 3rd. This is a positive change from SPDR Nuveen Municipal Bond ETF’s previous dividend of $0.06.

SPDR Nuveen Municipal Bond ETF Trading Up 0.1 %

Shares of MBND opened at $27.13 on Friday. The firm’s 50-day moving average price is $27.31 and its 200 day moving average price is $27.31.

About SPDR Nuveen Municipal Bond ETF

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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.

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