Indexiq Active Etf Profile
| MMCA Etf | USD 21.63 0.07 0.32% |
PerformanceWeak
| Odds Of DistressLow
|
IndexIQ Active is trading at 21.63 as of the 26th of February 2025, a 0.32 percent up since the beginning of the trading day. The etf's open price was 21.56. IndexIQ Active has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat weak performance during the last 90 days. The performance scores are derived for the period starting the 27th of January 2025 and ending today, the 26th of February 2025. Click here to learn more.
The fund, under normal circumstances, invests at least 80 percent of its assets in municipal bonds, whose interest is, in the opinion of bond counsel for the issuers at the time of issuance, exempt from federal and California income taxes. IQ Mackay is traded on NYSEARCA Exchange in the United States.. More on IndexIQ Active ETF
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IndexIQ Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Broad Municipals ETFs, Municipals ETFs, Muni California Intermediate, IndexIQ (View all Sectors) |
| Issuer | New York Life Investments |
| Inception Date | 2021-12-21 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 26.85 Million |
| Asset Type | Fixed Income |
| Category | Municipals |
| Focus | Broad Municipals |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | The Bank of New York Mellon Corporation |
| Advisor | New York Life Investment Management LLC |
| Custodian | The Bank of New York Mellon Corporation |
| Distributor | ALPS Distributors, Inc. |
| Portfolio Manager | Michael Denlinger, John Lawlor, Michael Petty, Scott Sprauer |
| Transfer Agent | The Bank of New York Mellon Corporation |
| Fiscal Year End | 30-Apr |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 59.0 |
| Market Maker | Citadel |
| Total Expense | 0.7 |
| Management Fee | 0.45 |
| Country Name | USA |
| Returns Y T D | 1.21 |
| Name | IndexIQ Active ETF Trust |
| Currency Code | USD |
| Open Figi | BBG01462TDP2 |
| In Threey Volatility | 7.27 |
| 1y Volatility | 3.05 |
| 200 Day M A | 21.5439 |
| 50 Day M A | 21.4364 |
| Code | MMCA |
| Updated At | 24th of February 2025 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.66) |
| Type | ETF |
IndexIQ Active ETF [MMCA] is traded in USA and was established 2021-12-21. The fund is listed under Muni California Intermediate category and is part of IndexIQ family. The entity is thematically classified as Broad Municipals ETFs. IndexIQ Active ETF now have 43.7 M in assets. , while the total return for the last 3 years was -0.1%.
Check IndexIQ Active Probability Of Bankruptcy
IndexIQ Active ETF 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 IndexIQ Active. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.0143 | |||
| Jensen Alpha | 7.0E-4 | |||
| Total Risk Alpha | (0.0002) | |||
| Sortino Ratio | (0.02) |
IndexIQ Active Against Markets
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in IndexIQ Active ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
The market value of IndexIQ Active ETF is measured differently than its book value, which is the value of IndexIQ that is recorded on the company's balance sheet. Investors also form their own opinion of IndexIQ Active's value that differs from its market value or its book value, called intrinsic value, which is IndexIQ Active'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 IndexIQ Active's market value can be influenced by many factors that don't directly affect IndexIQ Active'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 IndexIQ Active's value and its price as these two are different measures arrived at by different means. Investors typically determine if IndexIQ Active is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IndexIQ Active'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.