IQ MacKay California Municipal Intermediate ETF (MMCA)
| Assets | $42.36M |
| NAV | $21.18 |
| Expense Ratio | 0.36% |
| PE Ratio | n/a |
| Shares Out | 2.00M |
| Dividend (ttm) | $0.22 |
| Dividend Yield | 1.02% |
| Ex-Dividend Date | May 2, 2022 |
| 1-Year Return | -14.97% |
| Volume | 15,405 |
| Open | 21.35 |
| Previous Close | 21.19 |
| Day's Range | 21.26 - 21.30 |
| 52-Week Low | 21.15 |
| 52-Week High | 25.05 |
| Beta | -0.18 |
| Holdings | 67 |
| Inception Date | Dec 21, 2021 |
About MMCA
The fund, under normal circumstances, invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in municipal bonds, whose interest is, in the opinion of bond counsel for the issuers at the time of issuance, exempt from federal and California income taxes. It generally will maintain a portfolio modified duration to worst of 3 to 8 years. The fund may invest up to 20% of its net assets in municipal bonds subject to the federal alternative minimum tax and municipal bonds that pay interest that is subject to federal and/or California income taxes.
Top 10 Holdings
35.44% of assets| Name | Symbol | Weight |
|---|---|---|
| Dreyfus Tax Exempt Cash | N/A | 9.12% |
| SACRAMENTO CALIF MUN UTIL DIST ELEC REV 5% | CA SACPWR 5 08.15.2037 | 3.29% |
| SILICON VY CLEAN WTR CALIF WASTEWTR REV 0.5% | CA SILWTR 0.5 03.01.2026 | 3.21% |
| LOS ANGELES CALIF DEPT WTR & PWR WTRWKS REV 5% | CA LOSUTL 5 07.01.2043 | 3.20% |
| MT DIABLO CALIF UNI SCH DIST 4% | CA MDLSCD 4 08.01.2029 | 3.18% |
| NORTHERN CALIF PWR AGY REV 5% | CA NORPWR 5 07.01.2031 | 2.74% |
| LIVERMORE VALLEY CALIF JT UNI SCH DIST 3% | CA LVVSCD 3 08.01.2039 | 2.72% |
| CALIFORNIA HEALTH FACS FING AUTH REV 3% | CA CASMED 3 11.01.2039 | 2.68% |
| CALIFORNIA ST 5% | CA CAS 5 04.01.2029 | 2.66% |
| LOS ANGELES CALIF WASTEWATER SYS REV 5% | CA LOSUTL 5 06.01.2028 | 2.65% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| May 2, 2022 | $0.04681 | May 6, 2022 |
| Apr 1, 2022 | $0.06272 | Apr 7, 2022 |
| Mar 1, 2022 | $0.04579 | Mar 7, 2022 |
| Feb 1, 2022 | $0.049 | Feb 7, 2022 |
| Dec 29, 2021 | $0.013 | Jan 6, 2022 |
News
IndexIQ Launches California Municipal Intermediate ETF, MMCA
On Tuesday, IndexIQ, a leading provider of innovative investment solutions, announced the launch of the IQ MacKay California Municipal Intermediate ETF (MMCA), the latest addition to the firm's fast-gro...
IndexIQ Launches IQ MacKay California Municipal Intermediate ETF
NEW YORK--(BUSINESS WIRE)--IndexIQ has launched MMCA, focused on California munis, actively managed by MacKay Municipal Managers, the municipal bond team at MacKay Shields LLC