How have MMCA shares performed in 2024?

IQ MacKay California Municipal Intermediate ETF's stock was trading at $21.78 at the start of the year. Since then, MMCA shares have decreased by 1.4% and is now trading at $21.4747. View the best growth stocks for 2024 here .

How often does IQ MacKay California Municipal Intermediate ETF pay dividends? What is the dividend yield for IQ MacKay California Municipal Intermediate ETF?

IQ MacKay California Municipal Intermediate ETF announced a dividend on Monday, February 5th. Shareholders of record on Tuesday, April 2nd will be given a dividend of $0.0694 per share on Friday, April 5th. The ex-dividend date is Monday, April 1st. Read our dividend analysis for MMCA .

What does MMCA invest in?

IQ MacKay California Municipal Intermediate ETF is a fixed income fund issued by IndexIQ. MMCA focuses on broad municipals investments. The fund's investments total to approximately $24.68 million assets under management.

What is the management fee for IQ MacKay California Municipal Intermediate ETF?

IQ MacKay California Municipal Intermediate ETF's management fee is 0.45% and has other expenses of 0.23%. However, MMCA has a fee waiver of -0.32% to reimburse the expenses. The net expense ratio for MMCA is 0.36%.

How do I buy shares of IQ MacKay California Municipal Intermediate ETF?

Shares of MMCA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSEARCA:MMCA

IQ MacKay California Municipal Intermediate ETF (MMCA) Price, Holdings, & News

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$21.47

-0.01 (-0.05%)

(As of 04/18/2024 ET)

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Today's Range: $21.45
▼
$21.47
50-Day Range: $21.42
▼
$21.80
52-Week Range: $20.50
▼
$21.87

Volume: 3,129 shs
Average Volume: 5,951 shs
Market Capitalization: $25.77 million

Assets Under Management: $24.68 million
Dividend Yield: 2.89%
Net Expense Ratio: 0.36%

Stock Analysis Chart Dividend Holdings

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About IQ MacKay California Municipal Intermediate ETF

The IQ MacKay California Municipal Intermediate ETF (MMCA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests primarily in investment-grade, intermediate-term municipal bonds that are exempt from federal and California income taxes. MMCA was launched on Dec 21, 2021 and is managed by IndexIQ.

MMCA Stock Price History

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Fund Details

Issuer: IndexIQ
Fund Name: IQ MacKay California Municipal Intermediate ETF
Tax Classification: Regulated Investment Company
Stock Exchange: NYSEARCA
Current Symbol: NYSEARCA:MMCA
Inception Date: 12/21/2021
Fund Manager: Michael Denlinger, John Lawlor, Michael Petty, Scott Sprauer
Web: N/A
Phone: N/A

Fund Focus

Asset Class: Fixed Income
Benchmark: N/A
Category: Municipals
Focus: Broad Municipals
Development Level: Developed Markets
Region: North America
Number of Holdings: 42

Fund Statistics

Assets Under Management: $24.68 million
Average Daily Volume: $0.00
Discount/Premium: 0.02%

Administrator, Advisor and Custodian

Administrator: The Bank of New York Mellon Corporation
Advisor: IndexIQ Advisors LLC
Custodian: The Bank of New York Mellon Corporation
Distributor: ALPS Distributors, Inc.
Transfer Agent: The Bank of New York Mellon Corporation
Trustee: N/A
Lead Market Maker: Citadel

Miscellaneous

Outstanding Shares: 1,200,000
Beta: 0.32
Creation Unit: 50,000
Creation Fee: $250.00

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IQ MacKay California Municipal Intermediate ETF Expenses

Type	MMCA	Broad Municipals ETFs	Fixed Income ETFs	NYSEARCA ETFs	All ETFs
Management Fee	0.45%	0.33%	0.32%	0.50%	0.51%
Other Expenses	0.23%	0.47%	0.27%	0.64%	0.58%
Total Expense	0.68%	0.44%	0.40%	0.74%	0.70%
Fee Waiver	-0.32%	-0.32%	-0.24%	-0.68%	-0.57%
Net Expense	0.36%	0.37%	0.35%	0.58%	0.58%

IQ MacKay California Municipal Intermediate ETF (MMCA) Holdings & Exposure

Top 10 MMCA Holdings

Dreyfus Tax Exempt Cash
Holding Weight: 5.82%
GUAM GOVT BUSINESS PRIVILEGE TAX REV 5%
Holding Weight: 5.41%
VICTORVILLE CALIF ELEC REV 5%
Holding Weight: 4.51%
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.5%
Holding Weight: 4.45%
GUAM PWR AUTH REV 5%
Holding Weight: 4.22%
MODESTO CALIF IRR DIST FING AUTH ELEC SYS REV 5%
Holding Weight: 4.17%
LOS ANGELES CALIF DEPT ARPTS ARPT REV 5%
Holding Weight: 4.12%
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4%
Holding Weight: 4.07%
COMPTON CALIF UNI SCH DIST 5%
Holding Weight: 3.27%
CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 4.01583%
Holding Weight: 3.05%

MMCA Sector Exposure

MMCA Industry Exposure

Full Holdings Details

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MMCA ETF - Frequently Asked Questions

How have MMCA shares performed in 2024?: IQ MacKay California Municipal Intermediate ETF's stock was trading at $21.78 at the start of the year. Since then, MMCA shares have decreased by 1.4% and is now trading at $21.4747.
View the best growth stocks for 2024 here.
How often does IQ MacKay California Municipal Intermediate ETF pay dividends? What is the dividend yield for IQ MacKay California Municipal Intermediate ETF?: IQ MacKay California Municipal Intermediate ETF announced a dividend on Monday, February 5th. Shareholders of record on Tuesday, April 2nd will be given a dividend of $0.0694 per share on Friday, April 5th. The ex-dividend date is Monday, April 1st.
Read our dividend analysis for MMCA.
What does MMCA invest in?: IQ MacKay California Municipal Intermediate ETF is a fixed income fund issued by IndexIQ. MMCA focuses on broad municipals investments. The fund's investments total to approximately $24.68 million assets under management.

What is the management fee for IQ MacKay California Municipal Intermediate ETF?: IQ MacKay California Municipal Intermediate ETF's management fee is 0.45% and has other expenses of 0.23%. However, MMCA has a fee waiver of -0.32% to reimburse the expenses. The net expense ratio for MMCA is 0.36%.
How do I buy shares of IQ MacKay California Municipal Intermediate ETF?: Shares of MMCA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSEARCA:MMCA) was last updated on 4/18/2024 by MarketBeat.com Staff

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