IQ MacKay is selling at 24.45 as of the 30th of November 2024; that is 0.16 percent increase since the beginning of the trading day. The etf's open price was 24.41. IQ MacKay has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat insignificant performance during the last 90 days. Equity ratings for IQ MacKay Municipal are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of September 2024 and ending today, the 30th of November 2024. Click here to learn more.
The fund is an actively managed ETF and thus does not seek to replicate the performance of a specific index. IQ Mackay is traded on NYSEARCA Exchange in the United States. More on IQ MacKay Municipal
John Loffredo, Robert DiMella, Michael Petty, David Dowden, Scott Sprauer, John Lawlor
Transfer Agent
The Bank of New York Mellon Corporation
Fiscal Year End
30-Apr
Exchange
NYSE Arca, Inc.
Number of Constituents
313
Market Maker
GTS
Total Expense
0.5
Management Fee
0.4
Country Name
USA
Returns Y T D
2.71
Name
IQ MacKay Municipal Insured ETF
Currency Code
USD
Open Figi
BBG00HZ6Q3W0
In Threey Volatility
9.02
1y Volatility
8.15
200 Day M A
24.204
50 Day M A
24.2683
Code
MMIN
Updated At
29th of November 2024
Currency Name
US Dollar
In Threey Sharp Ratio
(0.5)
Type
ETF
IQ MacKay Municipal [MMIN] is traded in USA and was established 2017-10-18. The fund is listed under Muni National Long category and is part of IndexIQ family. The entity is thematically classified as Investment Grade ETFs. IQ MacKay Municipal now have 341.48 M in assets. , while the total return for the last 3 years was -0.6%.
Check IQ MacKay Probability Of Bankruptcy
Top IQ MacKay Municipal Etf Constituents
CONNECTICUT ST SPL TAX OBLIG REV 4%
1.74%
METROPOLITAN TRANSN AUTH N Y REV 4%
0.92%
CENTRAL FLA EXPWY AUTH SR LIENREV 4%
0.88%
MURRAY CITY UTAH HOSP REV 0.03%
0.78%
Fidelity® Inv MM Fds Treasury Only I
1.56%
NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 0.02%
0.8%
WEST CONTRA COSTA CALIF UNI SCH DIST 4%
0.95999995%
PUBLIC FIN AUTH WIS HOSP REV 0.01%
1.91%
WEST VIRGINIA ST HOSP FIN AUTH HOSP REV 4%
1.04%
MEDFORD ORE HOSP FACS AUTH REV 4%
0.82%
IQ MacKay Municipal Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in IQ MacKay. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
When determining whether IQ MacKay Municipal is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if MMIN Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Iq Mackay Municipal Etf. Highlighted below are key reports to facilitate an investment decision about Iq Mackay Municipal Etf:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in IQ MacKay Municipal. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
The market value of IQ MacKay Municipal is measured differently than its book value, which is the value of MMIN that is recorded on the company's balance sheet. Investors also form their own opinion of IQ MacKay's value that differs from its market value or its book value, called intrinsic value, which is IQ MacKay's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IQ MacKay's market value can be influenced by many factors that don't directly affect IQ MacKay's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between IQ MacKay's value and its price as these two are different measures arrived at by different means. Investors typically determine if IQ MacKay is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IQ MacKay's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.