SPDR Nuveen Municipal Bond ETF (BATS:MBND) Increases Dividend to $0.06 Per Share

SPDR Nuveen Municipal Bond ETF (BATS:MBND) declared a dividend on Friday, June 28th, NASDAQ reports. Investors of record on Monday, July 1st will be given a dividend of 0.0617 per share on Friday, July 5th. The ex-dividend date is Monday, July 1st. This is a boost from SPDR Nuveen Municipal Bond ETF’s previous dividend of $0.06.

SPDR Nuveen Municipal Bond ETF Stock Performance

SPDR Nuveen Municipal Bond ETF stock traded down $0.02 during midday trading on Friday, reaching $27.43. The stock had a trading volume of 535 shares. The firm has a fifty day moving average of $27.33 and a two-hundred day moving average of $27.39.

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.