IQ MacKay Shields Municipal Insured ETF (MMIN)
| Assets | $372.25M |
| NAV | $24.49 |
| Expense Ratio | 0.31% |
| PE Ratio | n/a |
| Shares Out | 15.20M |
| Dividend (ttm) | $0.47 |
| Dividend Yield | 1.90% |
| Ex-Dividend Date | May 2, 2022 |
| 1-Year Return | -10.21% |
| Volume | 176,363 |
| Open | 24.72 |
| Previous Close | 24.54 |
| Day's Range | 24.63 - 24.76 |
| 52-Week Low | 24.00 |
| 52-Week High | 27.94 |
| Beta | 0.02 |
| Holdings | 515 |
| Inception Date | Oct 18, 2017 |
About MMIN
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: (i) 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); and (ii) debt securities covered by an insurance policy guaranteeing the payment of principal and interest.
Top 10 Holdings
14.65% of assets| Name | Symbol | Weight |
|---|---|---|
| Dreyfus Tax Exempt Cash | N/A | 5.96% |
| TOLOMATO CMNTY DEV DIST FLA 4% | FL TOLDEV 4 05.01.2040 | 1.29% |
| CASTLE OAKS MET DIST NO 3 COLO 4% | CO COAFAC 4 12.01.2050 | 1.27% |
| GREATER ASHEVILLE REGL ARPT AUTH N C ARPT SYS REV 5.25% | NC GTRAPT 5.25 07.01.2041 | 0.96% |
| HUDSON YDS INFRASTRUCTURE CORP N Y SECOND INDENTURE REV 4% | NY HUYGEN 4 02.15.2047 | 0.94% |
| VISTA CALIF UNI SCH DIST 5.25% | CA VSTSCD 5.25 08.01.2041 | 0.91% |
| HERCULES CALIF REDEV AGY SUCCESSOR AGY TAX ALLOCATION 5% | CA HERDEV 5 08.01.2042 | 0.89% |
| MEDFORD ORE HOSP FACS AUTH REV 4% | OR MFDMED 4 08.15.2045 | 0.82% |
| ELGIN TEX 4% | TX ELG 4 07.15.2040 | 0.81% |
| DECATUR ILL 4% | IL DEC 4 03.01.2042 | 0.79% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| May 2, 2022 | $0.05009 | May 6, 2022 |
| Apr 1, 2022 | $0.04676 | Apr 7, 2022 |
| Mar 1, 2022 | $0.04037 | Mar 7, 2022 |
| Feb 1, 2022 | $0.043 | Feb 7, 2022 |
| Dec 29, 2021 | $0.00935 | Jan 6, 2022 |
| Dec 1, 2021 | $0.04007 | Dec 7, 2021 |
News
Muni Market ETFs Ripe For Active Mgmt
While passive municipal ETFs hold the majority of the assets, the quirks of this space make it ideal for active management.
Get Guaranteed Tax-Exempt Income Exposure with ‘MMIN'
Municipal bonds like the IQ MacKay Municipal Insured ETF (MMIN) have long been praised for their tax advantages. “Investors don't like paying increased federal tax.
Are We Entering a ‘New Golden Decade' for Municipal Bonds?
With higher yields and more stability to offer fixed income investors, municipal bonds are all the rage in the debt market. A pair of active funds to consider are the IQ MacKay Municipal Intermediate ET...
Best Municipal Bond ETFs for Q1 2021
The best municipal bond ETFs for Q1 2021 are BAB, MMIN, and IBMQ.
Active Muni Bond ETFs Can Help Enhance an Investor’s Portfolio
The coronavirus pandemic triggered widespread market volatility, but it also offered an opportunity for active managers to position in attractively priced areas of the market. Fixed-income investors can...
Active Muni ETFs to Better Navigate a Changing Landscape
As bond investors look to the current municipal bond landscape, one may consider targeted exchange traded fund strategies to incorporate munis into a diversified fixed-income portfolio better. In the re...
Insights into the Evolving Municipal Bond Market
Municipal bonds offer investors another avenue for income generation beyond the traditional Aggregate Bond Index exposures, providing opportunities to enhance and diversify yields. In the upcoming webca...
