SPDR Nuveen Municipal Bond ETF (MBND) to Issue Dividend of $0.07 on February 6th

SPDR Nuveen Municipal Bond ETF (BATS:MBND) declared a dividend on Friday, January 31st,NASDAQ Dividends reports. Stockholders of record on Monday, February 3rd will be paid a dividend of 0.067 per share on Thursday, February 6th. The ex-dividend date of this dividend is Monday, February 3rd. This is an increase from SPDR Nuveen Municipal Bond ETF’s previous dividend of $0.06.

SPDR Nuveen Municipal Bond ETF Stock Up 1.1 %

Shares of MBND traded up $0.29 during trading hours on Friday, reaching $27.51. The stock had a trading volume of 112 shares. The company’s 50 day moving average is $27.60 and its 200-day moving average is $27.70.

SPDR Nuveen Municipal Bond ETF Company Profile

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.