X-trackers Municipal Infrastructure Revenue Bond Fund (NYSEARCA:RVNU) Trading 0% Higher

X-trackers Municipal Infrastructure Revenue Bond Fund (NYSEARCA:RVNU)’s stock price was up 0% during mid-day trading on Monday . The company traded as high as $25.27 and last traded at $25.27. Approximately 9,164 shares were traded during trading, a decline of 51% from the average daily volume of 18,803 shares. The stock had previously closed at $25.26.

X-trackers Municipal Infrastructure Revenue Bond Fund Stock Performance

The stock has a 50-day moving average of $25.56 and a 200-day moving average of $24.96.

X-trackers Municipal Infrastructure Revenue Bond Fund Increases Dividend

The business also recently declared a dividend, which was paid on Monday, April 8th. Investors of record on Tuesday, April 2nd were given a dividend of $0.0633 per share. The ex-dividend date was Monday, April 1st. This is an increase from X-trackers Municipal Infrastructure Revenue Bond Fund’s previous dividend of $0.06.

Institutional Investors Weigh In On X-trackers Municipal Infrastructure Revenue Bond Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV lifted its stake in X-trackers Municipal Infrastructure Revenue Bond Fund by 4.5% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 9,512 shares of the company’s stock worth $244,000 after purchasing an additional 406 shares during the last quarter. Baker Avenue Asset Management LP lifted its stake in shares of X-trackers Municipal Infrastructure Revenue Bond Fund by 69.8% in the 3rd quarter. Baker Avenue Asset Management LP now owns 27,193 shares of the company’s stock valued at $646,000 after acquiring an additional 11,178 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of X-trackers Municipal Infrastructure Revenue Bond Fund by 89.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 708,622 shares of the company’s stock valued at $16,823,000 after acquiring an additional 335,514 shares during the last quarter.

About X-trackers Municipal Infrastructure Revenue Bond Fund

The Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of investment-grade muni bonds backed by revenue from infrastructure projects. Constituents have at least 10 years remaining to maturity.