The Motley FoolT3·18mo ago
MINN Mairs & Power Minnesota Municipal Bond ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
MINN
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Key stats
About
Mairs & Power Minnesota Municipal Bond ETF (MINN) ETF
No description available.
- Exchange
- BATS
- Inception
- 2021-03-11
- Has Options
- No
Fund profile
holdings as of Sep 30, 2026SEC filingthrough Sep 2026flows, SEC filings
- Expense ratio
- 0.25% prospectus, filed Apr 28, 2026
- Assets
- $55M shares × price, Nov 6, 2026
- Trailing yield
- 3.12% paid monthly
- Average daily volume
- $453K 30 sessions
- Holdings
- 127 top 10 are 22.9%
- Listed
- Mar 11, 2021 Cboe BZX
- Last fee change
- -14 bp filed Apr 25, 2024
Cost53
Liquidity22
Scale27
Diversification92
Moves with. Long Treasuries (12% of its variance, beta 0.16); US large-cap stocks (3% of its variance, beta 0.05). These factors explain 17% of its daily moves over the last year, so most of what drives this fund is something else.
Stated objective. The investment objective of the Mairs & Power Minnesota Municipal Bond ETF (the Fund) is to seek current income that is exempt from federal and Minnesota state income tax consistent with the preservation of capital. (from the fund's prospectus)
Fund flows
through Sep 2026SEC filings- Sep 2026
- −$851K latest reported month
- Latest 3 months
- +$5.5M +11.4% of assets
- Latest 12 months
- +$24M +49.4% of assets
View as a table
| Month | Net flow |
|---|---|
| Sep 2026 | −$851K |
| Aug 2026 | +$5.1M |
| Jul 2026 | +$1.3M |
| Jun 2026 | $0 |
| May 2026 | +$891K |
| Apr 2026 | +$2.9M |
| Mar 2026 | +$2.2M |
| Feb 2026 | +$3.9M |
| Jan 2026 | +$899K |
| Dec 2025 | +$2.5M |
| Nov 2025 | +$3.6M |
| Oct 2025 | +$1.6M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 69 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| CMFiShares California Muni Bond ETF | — | 0.08% | $5.5B | −1.8% | compare |
| VTECVanguard California Tax-Exempt Bond ETF | — | 0.06% | $4.5B | −2.2% | compare |
| NYFiShares New York Muni Bond ETF | — | 0.09% | $1.8B | −2.0% | compare |
| NYMAB New York Intermediate Municipal ETF | — | 0.27% | $1.3B | — | compare |
| PWZInvesco California AMT-Free Municipal Bond ETF | — | 0.28% | $1.3B | −3.4% | compare |
The largest other funds in the State Muni category.
Under the hood
fiscal year to Dec 31, 2025SEC census- Authorized participants
- 3 active of 3 with agreements; top 3 did 100%
- Created · redeemed
- $13M · $641K over the fiscal year
- Redemptions in kind
- 0% creations 0% in kind
- Creation unit
- 10,000 shares
- Securities lending
- not authorized
- Diversification status
- Non-diversified may concentrate in fewer issuers
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-09-30
Holdings
127
AUM
$48.2M
Provider
Nport
Inception
2021-03-11
Exchange
BATS
Data As Of
2026-09-30
Expense Ratio
0.25%
Dividend Yield
3.12%
Distribution
Monthly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-10-23 | 2026-10-30 | $0.0569 | CD |
| 2026-09-25 | 2026-09-30 | $0.0584 | CD |
| 2026-08-26 | 2026-08-31 | $0.0575 | CD |
| 2026-07-24 | 2026-07-31 | $0.0560 | CD |
| 2026-06-25 | 2026-06-30 | $0.0640 | CD |
| 2026-05-22 | 2026-05-29 | $0.0539 | CD |
Asset Allocation
Top Holdings
top 50 of 127 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | MINNESOTA ST HSG FIN AGY | 3.61% | Debt | US |
| — | STILLWATER MN INDEP SCH DIST # | 2.35% | Debt | US |
| — | MINNESOTA ST | 2.17% | Debt | US |
| — | MINNESOTA ST | 2.17% | Debt | US |
| — | UNIV OF MINNESOTA MN | 2.15% | Debt | US |
| — | MINNESOTA ST | 2.14% | Debt | US |
| — | SAINT CLOUD MN HLTH CARE REVEN | 2.13% | Debt | US |
| — | SOUTH WASHINGTON CNTY MN INDEP | 2.12% | Debt | US |
| — | MET COUNCIL MINNEAPOLIS-SAINT | 2.09% | Debt | US |
| — | MINNESOTA ST AGRIC & ECON DEV | 1.96% | Debt | US |
| — | NEW LONDON SPICER MN INDEP SCH | 1.95% | Debt | US |
| — | FULDA MN INDEP SCH DIST #505 | 1.92% | Debt | US |
| — | MINNESOTA ST HSG FIN AGY | 1.87% | Debt | US |
| — | MANKATO MN INDEP SCH DIST #77 | 1.81% | Debt | US |
| — | ROCHESTER MN HLTH CARE FACS RE | 1.79% | Debt | US |
| — | WEST SAINT PAUL MN INDEP SCH D | 1.78% | Debt | US |
| — | MADELIA MN INDEP SCH DIST #837 | 1.73% | Debt | US |
| — | NEW PRAGUE MN ELEC REVENUE | 1.69% | Debt | US |
| — | NORTH MANKATO MN PORT AUTH COM | 1.56% | Debt | US |
| — | SAINT PAUL MN INDEP SCH DIST # | 1.49% | Debt | US |
| — | BLOOMINGTON MN | 1.47% | Debt | US |
| — | RAMSEY CNTY MN | 1.42% | Debt | US |
| — | MINNESOTA ST HLTH & EDU FACS A | 1.28% | Debt | US |
| — | BLOOMINGTON MN | 1.24% | Debt | US |
| — | MINNEAPOLIS MN SPL SCH DIST #1 | 1.19% | Debt | US |
| — | SAINT MICHAEL MN INDEP SCH DIS | 1.15% | Debt | US |
| — | MINNESOTA ST | 1.09% | Debt | US |
| — | INVER GROVE HEIGHTS MN INDEP S | 1.09% | Debt | US |
| — | MINNESOTA ST DEPT IRON RANGE R | 1.08% | Debt | US |
| — | MINNEAPOLIS MN HLTH CARE SYS R | 1.07% | Debt | US |
| — | NORTH MANKATO MN PORT AUTH COM | 1.06% | Debt | US |
| — | HENNEPIN CNTY MN | 1.04% | Debt | US |
| — | MINNESOTA ST AGRIC & ECON DEVB | 1.02% | Debt | US |
| — | MINNESOTA ST HSG FIN AGY | 0.97% | Debt | US |
| — | FOREST LAKE MN INDEP SCH DIST# | 0.96% | Debt | US |
| — | FAIRMONT MN INDEP SCH DIST #27 | 0.92% | Debt | US |
| — | MINNESOTA ST | 0.83% | Debt | US |
| — | NORTHFIELD MN | 0.80% | Debt | US |
| — | CENTER CITY MN HLTH CARE FACSR | 0.78% | Debt | US |
| — | BIG LAKE MN ECON DEV AUTH LEAS | 0.72% | Debt | US |
| — | REDWOOD MN AREA SCHS INDEP SCH | 0.69% | Debt | US |
| — | ALDEN-CONGER MN INDEP SCH DIST | 0.68% | Debt | US |
| — | ANOKA-HENNEPIN MN INDEP SCH DI | 0.65% | Debt | US |
| — | RAMSEY CNTY MN | 0.65% | Debt | US |
| — | KOOCHICHING CNTY MN | 0.64% | Debt | US |
| — | MARSHALL MN PUBLIC UTILITY REV | 0.64% | Debt | US |
| — | NEW PRAGUE MN | 0.62% | Debt | US |
| — | FAIRMONT MN ELEC REVENUE | 0.62% | Debt | US |
| — | MINNEAPOLIS MN SPL SCH DIST #1 | 0.61% | Debt | US |
| — | MINNESOTA ST | 0.59% | Debt | US |
Non-Equity Breakdown
Mairs & Power Minnesota Municipal Bond ETF ·
NPORT-P period 2026-09-30
(filed 2026-11-03)
Net assets:
$48M
· 127 total positions
· equity 0.00%
· non-equity 99.46%
Non-equity holdings
— 127 positions,
99.46% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Municipal | 99.28% | $48.1M | 126 |
| Short-term investment | 0.18% | $88217 | 1 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -- | -2.99% | 3.17% | -0.53% | 0.60% | 0.28% | 0.11% |
| Feb | -- | -1.35% | -3.90% | -0.22% | 0.84% | 0.30% | -0.87% |
| Mar | 0.16% | -4.72% | 2.77% | -0.31% | -1.69% | -2.55% | -1.06% |
| Apr | 0.46% | -4.68% | -0.70% | -1.67% | -0.77% | 0.92% | -1.07% |
| May | 0.13% | 2.28% | -1.80% | -1.46% | -0.88% | 0.23% | -0.25% |
| Jun | 0.24% | -2.54% | 0.53% | 1.39% | 0.60% | -0.04% | 0.03% |
| Jul | 0.81% | 2.70% | 0.05% | 0.89% | -0.38% | -2.14% | 0.32% |
| Aug | -0.55% | -3.71% | -1.64% | 0.74% | 0.32% | -0.64% | -0.91% |
| Sep | -1.19% | -4.31% | -3.84% | 0.98% | 2.45% | -4.48% | -1.73% |
| Oct | -0.36% | -1.20% | -0.60% | -2.54% | 0.36% | 3.27% | -0.18% |
| Nov | 0.99% | 6.09% | 6.73% | 1.36% | 1.27% | 0.94%* | 2.90% |
| Dec | 0.16% | -0.37% | 2.11% | -2.09% | 0.05% | -- | -0.03% |
| Total | 0.83% | -14.38% | 2.39% | -3.51% | 2.74% | -4.05% | -2.66% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $21.37
SMA 50: $21.21
SMA 200: $22.06
Current: $21.79
EMA 12: $21.56
EMA 26: $21.39
MACD: 0.1731 | Signal: 0.0534
BULLISH
ADX (14): 25.55
TREND
+DI: 32.34
−DI: 13.31
Momentum Oscillators
RSI (14): 69.68
NEUTRAL
Stoch %K: 93.23
Stoch %D: 94.18
Williams %R: -11.21
Volume & Volatility
BB Upper: $21.95
BB Lower: $20.80
NEUTRAL
OBV: -246,989
Vol SMA 20: 16,866
Vol ROC: 249.40%
ATR: $0.15
True Range: $0.12
HV 20: 9.0%
HV 30: 8.7%
HV 60: 7.9%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-11-08T00:00:00 – 2026-11-06T00:00:00
AI Analysis
LLM Stock Analysis Report: MINN
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers:
- Technical indicators suggest a neutral trend with oversold RSI and bearish MACD
- Recent news headlines are neutral, focusing on social security and dividend distributions
- Low volatility and low risk profile
Primary Risks:
- Lack of directional momentum may lead to sideways trading
- Negative sentiment from recent MACD signal may persist
- Limited institutional interest and volume activity may impact price movement
Investment Thesis: MINN appears to be in a consolidation phase, with no clear direction or catalysts driving the price. The oversold RSI and bearish MACD suggest potential for a bounce, but the neutral trend indicators and low volatility imply limited upside.
Recent News Sentiment Impact: Neutral headlines have not significantly impacted the stock price, which remains relatively stable.
Technical Analysis
Trend Direction: Short-term (1-4 weeks): NEUTRAL; Medium-term (1-3 months): NEUTRAL; Long-term (3-12 months): UPTREND
Support/Resistance Levels:
- Key support: $21.88 (current price)
- Minor resistance: $22.02 (SMA 20)
Momentum Signals:
- RSI interpretation: Oversold <30 (potential buy signal), but RSI is still relatively low
- MACD signal: Bearish, with a negative histogram (-0.05)
- Bollinger Bands position: Oversold
Volume Analysis:
- Volume SMA 20: 19475.73
- On-Balance Volume (OBV): -184181.92
- Volume Rate of Change: -61.36% indicating low volume and potential consolidation
News & Sentiment Analysis
Recent Headlines Summary: Neutral headlines focused on social security and dividend distributions.
Sentiment Assessment: Neutral sentiment with no clear direction or catalysts driving the price.
Catalyst Identification: None notable in recent news headlines.
Market Narrative: MINN's neutral trend indicators and low volatility suggest limited upside potential, while the bearish MACD signal implies a potential downside risk.
Risk & Volatility Assessment
Beta Interpretation: Low risk profile with beta 0.09 (vs SPY).
Volatility Regime: Low volatility - stock moves less than market.
Options Market Signals: No options data available to assess IV rank, put/call ratios, or unusual activity.
Downside Protection: Support levels at $21.88 (current price) and potential bounce from oversold RSI.
Market Context & Positioning
Sector Performance: MINN's sector peers have been relatively stable with no notable trends or catalysts driving prices.
Institutional Activity: Limited institutional interest and volume activity may impact price movement.
Correlation Analysis: MINN has a low correlation (0.25) to the overall market, suggesting limited upside potential.
Relative Valuation: MINN's valuation is neutral within its trading range.
Key Levels & Action Items
- Critical Price Level: $21.88 (current price)
- Breakout/Breakdown Level: $22.02 (SMA 20)
- Time-Sensitive Catalysts: None notable in recent news headlines.
- Risk Management: Monitor oversold RSI and potential bounce, but be cautious of the bearish MACD signal.
Please note that this analysis is based on the provided data and may not reflect future market conditions or events.
Generated
News
All MINN news →
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Showing 1–10 of 17
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MINN Options Activity & IV Rank
Loading options activity...
Spread Scanner
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Scanning bull put, bear call, iron condor and calendar spreads…
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Loading the implied volatility surface…
Volatility Smile
Loading the implied volatility smile…
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 0.0849
Alpha: -3.65%
Correlation: 0.2320
R-Squared: 5.4%
Stock Volatility: 5.0%
Market Volatility: 13.8%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
MINN Institutional Ownership (13F)
Filings for 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|