NYSEARCA:MMIT

IQ MacKay Shields Municipal Intermediate ETF (MMIT) Price, Holdings, & News

$24.12
0.00 (0.00%)
(As of 04/22/2024 ET)
Today's Range
$24.10
$24.14
50-Day Range
$24.03
$24.48
52-Week Range
$23.21
$24.71
Volume
123,274 shs
Average Volume
123,561 shs
Market Capitalization
$648.83 million
Assets Under Management
$652.25 million
Dividend Yield
2.32%
Net Expense Ratio
0.31%

About IQ MacKay Shields Municipal Intermediate ETF

The IQ MacKay Municipal Intermediate ETF (MMIT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to provide enhanced total-return potential by investing mainly in investment-grade, AMT-free US municipal bonds with duration between 3-10 years. MMIT was launched on Oct 18, 2017 and is managed by IndexIQ.

MMIT Stock Price History

MMIT ETF News Headlines

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Fund Details

Issuer
IndexIQ
Fund Name
IQ MacKay Shields Municipal Intermediate ETF
Tax Classification
Regulated Investment Company
Current Symbol
NYSEARCA:MMIT
Inception Date
10/18/2017
Fund Manager
John Loffredo, Robert DiMella, Michael Petty, David Dowden, Scott Sprauer, John Lawlor
Web
N/A
Phone
N/A

Fund Focus

Asset Class
Fixed Income
Benchmark
N/A
Category
Municipals
Focus
Investment Grade
Development Level
Developed Markets
Region
North America
Number of Holdings
544

Fund Statistics

Assets Under Management
$652.25 million
Average Daily Volume
$88,319.20
Discount/Premium
0.01%

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
GTS

Options

Optionable
N/A
Short Interest
22,100 shs

Miscellaneous

Beta
0.11
Creation Unit
50,000
Creation Fee
$500.00
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IQ MacKay Shields Municipal Intermediate ETF Expenses

TypeMMITInvestment Grade ETFsFixed Income ETFsNYSEARCA ETFsAll ETFs
Management Fee0.40%0.22%0.32%0.50%0.51%
Other Expenses0.18%0.12%0.28%0.64%0.58%
Total Expense0.58%0.25%0.40%0.74%0.70%
Fee Waiver-0.27%-0.15%-0.24%-0.68%-0.57%
Net Expense0.31%0.22%0.35%0.57%0.58%

IQ MacKay Shields Municipal Intermediate ETF (MMIT) Holdings & Exposure

Top 10 MMIT Holdings

  • PARKER CNTY TEX 5%
    Holding Weight: 1.06%
  • BROWNSBURG IND 1999 SCH BLDG CORP 5.5%
    Holding Weight: 0.98%
  • LOUISIANA HSG CORP MULTIFAMILY HSG REV 5%
    Holding Weight: 0.95%
  • PATRIOTS ENERGY GROUP FING AGY S C GAS SUPPLY REV 5.464%
    Holding Weight: 0.95%
  • CONNECTICUT ST 5%
    Holding Weight: 0.90%
  • MAIN STR NAT GAS INC GA GAS SUPPLY REV 5.264%
    Holding Weight: 0.79%
  • CHICAGO ILL MULTI-FAMILY HSG REV 5%
    Holding Weight: 0.78%
  • MIAMI-DADE CNTY FLA TRAN SYS SALES SURTAX REV 5%
    Holding Weight: 0.75%
  • CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25%
    Holding Weight: 0.70%
  • UNIVERSITY CALIF REVS 2.9%
    Holding Weight: 0.70%

MMIT Sector Exposure

MMIT Industry Exposure


MMIT ETF - Frequently Asked Questions

How have MMIT shares performed in 2024?

IQ MacKay Shields Municipal Intermediate ETF's stock was trading at $24.56 on January 1st, 2024. Since then, MMIT shares have decreased by 1.8% and is now trading at $24.12.
View the best growth stocks for 2024 here
.

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

IQ MacKay Shields Municipal Intermediate ETF announced a dividend on Tuesday, February 6th. Investors of record on Tuesday, April 2nd will be paid a dividend of $0.0785 per share on Friday, April 5th. The ex-dividend date of this dividend is Monday, April 1st. This is an increase from the stock's previous dividend of $0.07.
Read our dividend analysis for MMIT
.

What does MMIT invest in?

IQ MacKay Shields Municipal Intermediate ETF is a fixed income fund issued by IndexIQ. MMIT focuses on investment grade investments. The fund's investments total to approximately $652.25 million assets under management.

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

IQ MacKay Shields Municipal Intermediate ETF's management fee is 0.40% and has other expenses of 0.18%. However, MMIT has a fee waiver of -0.27% to reimburse the expenses. The net expense ratio for MMIT is 0.31%.

What other stocks do shareholders of IQ MacKay Shields Municipal Intermediate ETF own?

Based on aggregate information from My MarketBeat watchlists, some companies that other IQ MacKay Shields Municipal Intermediate ETF investors own include Acxiom (ACXM), Duke Realty (DRE), Keane Group (FRAC), Adesto Technologies (IOTS), Teekay Tankers (TNK), Verizon Communications (VZ), Atmos Energy (ATO), Aroundtown (AT1), Ashland (ASH) and Alliance Resource Partners (ARLP).

Who are IQ MacKay Shields Municipal Intermediate ETF's major shareholders?

IQ MacKay Shields Municipal Intermediate ETF's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vicus Capital (0.74%), Massmutual Trust Co. FSB ADV (0.84%) and AdvisorNet Financial Inc (0.16%).

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

Shares of MMIT 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:MMIT) was last updated on 4/23/2024 by MarketBeat.com Staff

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