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MMIN - IQ MacKay Shields Municipal Insured ETF

Stock Price: $27.58 USD 0.00 (0.00%)
Updated Apr 21, 2021 4:00 PM EDT - Market closed
Assets $443.72M
NAV $27.56
Expense Ratio 0.31%
PE Ratio n/a
Beta (5Y) 0.01
Dividend (ttm) $0.52
Dividend Yield 1.87%
Ex-Dividend Date Apr 1, 2021
1-Year Return -
Trading Day April 21
Last Price $27.58
Previous Close $27.58
Change ($) 0.00
Change (%) 0.00%
Day's Open 27.60
Day's Range 27.55 - 27.59
Day's Volume 36,358
52-Week Range 25.36 - 27.82

Fund Description

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: (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 Class
Fixed Income
Inception Date
Oct 18, 2017
Exchange
NYSEARCA
Ticker Symbol
MMIN

Top 10 Holdings

13.75% of assets
NameSymbolWeight
Fidelity® Inv MM Fds Treasury Only In/a6.20%
WEST VIRGINIA ST HOSP FIN AUTH HOSP REV 4%n/a1.05%
WEST CONTRA COSTA CALIF UNI SCH DIST 4%n/a0.99%
METROPOLITAN TRANSN AUTH N Y REV 4%n/a0.93%
CENTRAL FLA EXPWY AUTH SR LIENREV 4%n/a0.91%
MEDFORD ORE HOSP FACS AUTH REV 4%n/a0.84%
NEW BRITAIN CONN 3%n/a0.74%
ILLINOIS ST 5%n/a0.72%
GOLETA CALIF REDEV AGY SUCCESSOR AGY TAX ALLOCATION 4%n/a0.69%
SAGINAW MICH CITY SCH DIST 4%n/a0.68%
View More Holdings

Dividends

Ex-DividendAmountPay Date
Apr 1, 2021$0.04Apr 8, 2021
Mar 1, 2021$0.033Mar 5, 2021
Feb 1, 2021$0.034Feb 5, 2021
Dec 30, 2020$0.037Jan 7, 2021
Nov 2, 2020$0.042Nov 6, 2020
Oct 1, 2020$0.042Oct 7, 2020
Full Dividend History

News

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

Other tickers mentioned: BAB, IBMQ
5 months ago - Investopedia

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 tickers mentioned: MMIT
9 months ago - ETF Trends

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 tickers mentioned: MMIT
1 year ago - ETF Trends

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 tickers mentioned: MMIT
1 year ago - ETF Trends

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 tickers mentioned: HFXI, HYLV, MNA, QAI, ULTR
1 year ago - ETF Trends