Mairs & Power Minnesota Municipal Bond ETF (BATS:MINN – Get Free Report) declared a monthly dividend on Thursday, September 24th. Shareholders of record on Friday, September 25th will be paid a dividend of $0.0584 per share on Wednesday, September 30th. This represents a $0.70 annualized dividend 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 Trading Down 0.7%
MINN opened at $20.93 on Friday. The business’s 50-day simple moving average is $21.77 and its 200-day simple moving average is $22.14. Mairs & Power Minnesota Municipal Bond ETF has a one year low of $20.93 and a one year high of $23.14.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Ballast Advisors LLC purchased a new stake in Mairs & Power Minnesota Municipal Bond ETF in the first quarter valued at approximately $34,000. First Heartland Consultants Inc. grew its position in shares of Mairs & Power Minnesota Municipal Bond ETF by 12.4% during the second quarter. First Heartland Consultants Inc. now owns 19,878 shares of the company’s stock worth $445,000 after acquiring an additional 2,189 shares during the last quarter. Bayban acquired a new position in shares of Mairs & Power Minnesota Municipal Bond ETF in the 4th quarter valued at $736,000. Trust Point Inc. increased its holdings in shares of Mairs & Power Minnesota Municipal Bond ETF by 236.6% in the 2nd 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. Finally, Tradition Wealth Management LLC purchased a new stake in Mairs & Power Minnesota Municipal Bond ETF in the 4th quarter valued at $1,051,000.
Mairs & Power Minnesota Municipal Bond ETF Company Profile
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.
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