IQ MacKay Shields Municipal Insured ETF (MMIN)

NYSEARCA: MMIN · IEX Real-Time Price · USD
24.70
0.16 (0.65%)
May 25, 2022 4:00 PM EDT - Market open
Assets$372.25M
NAV$24.49
Expense Ratio0.31%
PE Ration/a
Shares Out15.20M
Dividend (ttm)$0.47
Dividend Yield1.90%
Ex-Dividend DateMay 2, 2022
1-Year Return-10.21%
Volume176,363
Open24.72
Previous Close24.54
Day's Range24.63 - 24.76
52-Week Low24.00
52-Week High27.94
Beta0.02
Holdings515
Inception DateOct 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.

Asset ClassFixed Income
RegionNorth America
IssuerIndexIQ
Stock ExchangeNYSEARCA
Ticker SymbolMMIN

Top 10 Holdings

14.65% of assets
NameSymbolWeight
Dreyfus Tax Exempt CashN/A5.96%
TOLOMATO CMNTY DEV DIST FLA 4%FL TOLDEV 4 05.01.20401.29%
CASTLE OAKS MET DIST NO 3 COLO 4%CO COAFAC 4 12.01.20501.27%
GREATER ASHEVILLE REGL ARPT AUTH N C ARPT SYS REV 5.25%NC GTRAPT 5.25 07.01.20410.96%
HUDSON YDS INFRASTRUCTURE CORP N Y SECOND INDENTURE REV 4%NY HUYGEN 4 02.15.20470.94%
VISTA CALIF UNI SCH DIST 5.25%CA VSTSCD 5.25 08.01.20410.91%
HERCULES CALIF REDEV AGY SUCCESSOR AGY TAX ALLOCATION 5%CA HERDEV 5 08.01.20420.89%
MEDFORD ORE HOSP FACS AUTH REV 4%OR MFDMED 4 08.15.20450.82%
ELGIN TEX 4%TX ELG 4 07.15.20400.81%
DECATUR ILL 4%IL DEC 4 03.01.20420.79%
View More Holdings

Dividends

Ex-DividendAmountPay Date
May 2, 2022$0.05009May 6, 2022
Apr 1, 2022$0.04676Apr 7, 2022
Mar 1, 2022$0.04037Mar 7, 2022
Feb 1, 2022$0.043Feb 7, 2022
Dec 29, 2021$0.00935Jan 6, 2022
Dec 1, 2021$0.04007Dec 7, 2021
Full Dividend History

News

Warm Up To Climate Change Investing

Climate risk isn't being adequately priced into many ETFs, but there are signs the tides are turning.

7 months ago - ETFcom

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.

Other symbols:HMOPMUBSUB
8 months ago - ETFcom

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.

11 months ago - ETF Trends

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...

Other symbols:MMIT
1 year ago - ETF Trends

Best Municipal Bond ETFs for Q1 2021

The best municipal bond ETFs for Q1 2021 are BAB, MMIN, and IBMQ.

Other symbols:BABIBMQ
1 year ago - Investopedia

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...

Other symbols:MMIT
1 year ago - ETF Trends

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...

Other symbols:MMIT
2 years ago - ETF Trends

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...

Other symbols:MMIT
2 years ago - ETF Trends

IndexIQ 2020 Macro Outlook: Three Actionable Ideas for the Year Ahead

After what had been a tumultuous 2019, the end of the year is bringing significant progress on a number of fronts that have had investors on edge for months.

Other symbols:HFXIHYLVMNAQAIULTR
2 years ago - ETF Trends