Mairs & Power Minnesota Municipal Bond ETF (BATS:MINN) Stock to Pay Monthly Dividend of $0.06

Mairs & Power Minnesota Municipal Bond ETF (BATS:MINN) declared a monthly dividend on Thursday, October 22nd. Shareholders of record on Friday, October 23rd will be given a dividend of $0.0569 per share on Friday, October 30th. This represents a $0.68 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Friday, October 23rd. This is a 2.5% decrease from Mairs & Power Minnesota Municipal Bond ETF’s previous monthly dividend of $0.0584.

Mairs & Power Minnesota Municipal Bond ETF Price Performance

Shares of BATS MINN opened at $21.35 on Friday. The firm has a fifty day moving average of $21.30 and a 200-day moving average of $21.94. Mairs & Power Minnesota Municipal Bond ETF has a 52-week low of $20.50 and a 52-week high of $23.14.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MINN. Trust Point Inc. grew its position in Mairs & Power Minnesota Municipal Bond ETF by 236.6% during the second 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. Focus Financial Network Inc. purchased a new position in shares of Mairs & Power Minnesota Municipal Bond ETF in the 3rd quarter worth about $206,000. Bayban raised its holdings in shares of Mairs & Power Minnesota Municipal Bond ETF by 8.1% in the 1st quarter. Bayban now owns 35,298 shares of the company’s stock worth $781,000 after purchasing an additional 2,644 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Mairs & Power Minnesota Municipal Bond ETF by 62.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,800 shares of the company’s stock valued at $120,000 after purchasing an additional 2,224 shares in the last quarter. Finally, First Heartland Consultants Inc. lifted its stake in shares of Mairs & Power Minnesota Municipal Bond ETF by 12.4% in the 2nd quarter. First Heartland Consultants Inc. now owns 19,878 shares of the company’s stock valued at $445,000 after purchasing an additional 2,189 shares in the last quarter.

About Mairs & Power Minnesota Municipal Bond ETF

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.