Northern Trust 2030 Tax-Exempt Distributing Ladder ETF (MUNA) closed at $99.55 on October 16, 2026, unchanged from the previous close, on volume of 10 shares (30-day average 179).
Data as of October 16, 2026.
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The Fund seeks to achieve its investment objective by employing a "laddered" bond strategy, pursuant to which the Fund will invest in debt instruments that pay interest that is exempt from regular federal income tax with different maturity dates (or "rungs") through the year 2030 (the "terminal year"). The Fund will initially be comprised of five rungs with clusters of maturities throughout 2026, 2027, 2028, 2029 and 2030. The Fund primarily invests in investment grade tax-exempt bonds. The tax-exempt bonds in which the Fund invests may include: General obligation bonds secured by the issuer's full faith; Revenue obligation bonds; Industrial development bonds; Moral obligation bonds; Tax-exempt derivative instruments; Stand-by commitments; Municipal instruments backed by letters of credit, insurance or other forms of credit enhancement issued by domestic or foreign banks, insurance companies and other financial institutions; and Variable rate demand obligations. The Fund will liquidate on or about the final maturity date of the underlying bonds in the terminal year and the Fund will seek to distribute substantially all of its assets at that time.
Northern Trust 2030 Tax-Exempt Distributing Ladder ETF trades on the ARCA stock market under the symbol MUNA.
As of October 16, 2026, MUNA stock price was flat at $99.55 with 10 million shares trading.
MUNA has a market cap of $7.96 million. This is considered a Sub-Micro Cap stock.
MUNA has underperformed the market in the last year with a return of +1.5%, while the SPY ETF gained +16.7%. In the last 3 month period, MUNA fell short of the market, returning +0.2%, while SPY returned +1.9%. However, in the most recent 2 weeks MUNA has outperformed the stock market by returning +1.1%, while SPY returned -0.8%.
MUNA support price is $99.05 and resistance is $100.06 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MUNA shares will trade within this expected range on the day.
