MMIN - IQ MacKay Shields Municipal Insured ETF
| 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| Name | Symbol | Weight |
|---|---|---|
| Fidelity® Inv MM Fds Treasury Only I | n/a | 6.20% |
| WEST VIRGINIA ST HOSP FIN AUTH HOSP REV 4% | n/a | 1.05% |
| WEST CONTRA COSTA CALIF UNI SCH DIST 4% | n/a | 0.99% |
| METROPOLITAN TRANSN AUTH N Y REV 4% | n/a | 0.93% |
| CENTRAL FLA EXPWY AUTH SR LIENREV 4% | n/a | 0.91% |
| MEDFORD ORE HOSP FACS AUTH REV 4% | n/a | 0.84% |
| NEW BRITAIN CONN 3% | n/a | 0.74% |
| ILLINOIS ST 5% | n/a | 0.72% |
| GOLETA CALIF REDEV AGY SUCCESSOR AGY TAX ALLOCATION 4% | n/a | 0.69% |
| SAGINAW MICH CITY SCH DIST 4% | n/a | 0.68% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 1, 2021 | $0.04 | Apr 8, 2021 |
| Mar 1, 2021 | $0.033 | Mar 5, 2021 |
| Feb 1, 2021 | $0.034 | Feb 5, 2021 |
| Dec 30, 2020 | $0.037 | Jan 7, 2021 |
| Nov 2, 2020 | $0.042 | Nov 6, 2020 |
| Oct 1, 2020 | $0.042 | Oct 7, 2020 |
The best municipal bond ETFs for Q1 2021 are BAB, MMIN, and IBMQ.
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...
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...
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...
