IQ MacKay Municipal Intermediate ETF (MMIT)
| 24.33 Delayed Data As of Jul 01 |  +0.06 / +0.25%Today’s Change | 23.96 Today|||52-Week Range 27.05 | -8.74% Year-to-Date |
MMIT Regular Dividend: MMIT began trading ex-dividend on 07/01/22. A $0.0426 dividend will be paid to shareholders of record as of 07/05/22.
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.
Latest MMIT News
No recent news for IQ MacKay Municipal Intermediate ETF.
Performance
| 1 month | -1.53% | 3 years | +0.38% | |
| 3 months | -2.91% | 5 years | -- | |
| 1 year | -8.02% | Since inception | +1.94% |
Data through 07/01/2022
Quote Details
| Previous close | $24.27 |
| Open day’s range | 24.32 – 24.33 |
| Net asset value (NAV) | 24.26 (06/30/2022) |
| Daily volume | 80,140 |
| Average volume (3 months) | 188,242 |
Data as of 3:59pm ET, 07/01/2022
Peer Comparisonvs. Muni national interm ETFs
| MMIT | Category | |
|---|---|---|
| Performance 5-yr return | -- | +2.11% |
| Expense Gross exp ratio | 0.58% | 0.68% |
| Risk 5 year sharpe ratio | -- | 0.10 |
| Net assets | $270.1M | $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 SectorsPortfolio weighting
| Business service | -- |
| Consumer goods | -- |
| Consumer service | -- |
| Energy | -- |
| Financial service | -- |
Top 10 HoldingsPortfolio weighting
| -- | 1.18% |
| -- | 1.05% |
| -- | 0.96% |
| -- | 0.86% |
| -- | 0.85% |
| -- | 0.76% |
| -- | 0.75% |
| -- | 0.72% |
| -- | 0.71% |
| -- | 0.65% |
