IQ MacKay California Municipal Intermediate ETF (MMCA)

NYSEARCA: MMCA · IEX Real-Time Price · USD
21.30
0.11 (0.52%)
May 20, 2022 4:00 PM EDT - Market closed
Assets$42.36M
NAV$21.18
Expense Ratio0.36%
PE Ration/a
Shares Out2.00M
Dividend (ttm)$0.22
Dividend Yield1.02%
Ex-Dividend DateMay 2, 2022
1-Year Return-14.97%
Volume15,405
Open21.35
Previous Close21.19
Day's Range21.26 - 21.30
52-Week Low21.15
52-Week High25.05
Beta-0.18
Holdings67
Inception DateDec 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.

Asset ClassFixed Income
IssuerIndexIQ
Stock ExchangeNYSEARCA
Ticker SymbolMMCA

Top 10 Holdings

35.44% of assets
NameSymbolWeight
Dreyfus Tax Exempt CashN/A9.12%
SACRAMENTO CALIF MUN UTIL DIST ELEC REV 5%CA SACPWR 5 08.15.20373.29%
SILICON VY CLEAN WTR CALIF WASTEWTR REV 0.5%CA SILWTR 0.5 03.01.20263.21%
LOS ANGELES CALIF DEPT WTR & PWR WTRWKS REV 5%CA LOSUTL 5 07.01.20433.20%
MT DIABLO CALIF UNI SCH DIST 4%CA MDLSCD 4 08.01.20293.18%
NORTHERN CALIF PWR AGY REV 5%CA NORPWR 5 07.01.20312.74%
LIVERMORE VALLEY CALIF JT UNI SCH DIST 3%CA LVVSCD 3 08.01.20392.72%
CALIFORNIA HEALTH FACS FING AUTH REV 3%CA CASMED 3 11.01.20392.68%
CALIFORNIA ST 5%CA CAS 5 04.01.20292.66%
LOS ANGELES CALIF WASTEWATER SYS REV 5%CA LOSUTL 5 06.01.20282.65%
View More Holdings

Dividends

Ex-DividendAmountPay Date
May 2, 2022$0.04681May 6, 2022
Apr 1, 2022$0.06272Apr 7, 2022
Mar 1, 2022$0.04579Mar 7, 2022
Feb 1, 2022$0.049Feb 7, 2022
Dec 29, 2021$0.013Jan 6, 2022
Full Dividend History

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...

5 months ago - ETF Trends

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

5 months ago - Business Wire