IQ MacKay Municipal Intermediate ETF (MMIT)

24.65
Delayed Data
As of May 27
 +0.06 / +0.24%
Today’s Change
24.05
Today|||52-Week Range
27.05
-7.54%
Year-to-Date

Investment Objective

The investment seeks current income exempt from federal income tax. The fund is an actively managed ETF and thus does not seek to replicate the performance of a specific index. Instead, it uses an active management strategy to meet its investment objective. The fund, under normal circumstances, invests at least 80% of its assets (net assets plus borrowings for investment purposes) in debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax ("Municipal Bonds"). It does not intend to invest in Municipal Bonds whose interest is subject to the federal alternative minimum tax.

No recent news for IQ MacKay Municipal Intermediate ETF.

Performance

1 month-0.13% 3 years+0.86%
3 months-4.94% 5 years--
1 year-7.28% Since inception+2.12%
Data through 05/26/2022

Quote Details

Previous close$24.59
Open day’s range24.65 – 24.66
Net asset value (NAV)24.56 (05/26/2022)
Daily volume90,017
Average volume (3 months)172,103
Data as of 4:00pm ET, 05/27/2022

Peer Comparisonvs. Muni national interm ETFs

 MMITCategory
Performance 5-yr return--+2.11%
Expense Gross exp ratio0.58%0.68%
Risk 5 year sharpe ratio--0.10
Net assets$230.0M$1.9B
Average market cap----
Average P/E----
Dividend / Share--0.02%

Competitors

VTEB Vanguard Tax-Exempt Bond Index Fund ETF ...
MUB iShares National Muni Bond ETF
MUST Columbia Multi-Sector Municipal Income E...

Holdings

Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- 1.39%
-- 1.23%
-- 1.06%
-- 1.01%
-- 1.01%
-- 0.89%
-- 0.87%
-- 0.84%
-- 0.83%
-- 0.77%