Iq Mackay Municipal Etf Profile
| MMIN Etf | USD 24.19 0.13 0.54% |
PerformanceVery Weak
| Odds Of DistressLow
|
IQ MacKay is selling at 24.19 as of the 26th of February 2025; that is 0.54 percent increase since the beginning of the trading day. The etf's open price was 24.06. IQ MacKay has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over 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 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
Moving together with MMIN Etf
MMIN Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Investment Grade ETFs, Municipals ETFs, Muni National Long, IndexIQ (View all Sectors) |
| Issuer | New York Life Investments |
| Inception Date | 2017-10-18 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 477.77 Million |
| Average Trading Valume | 100,242.9 |
| Asset Type | Fixed Income |
| Category | Municipals |
| Focus | Investment Grade |
| 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 | 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 | 295 |
| Market Maker | GTS |
| Total Expense | 0.5 |
| Management Fee | 0.4 |
| Country Name | USA |
| Returns Y T D | 1.25 |
| Name | IQ MacKay Municipal Insured ETF |
| Currency Code | USD |
| Open Figi | BBG00HZ6Q3W0 |
| In Threey Volatility | 8.95 |
| 1y Volatility | 4.0 |
| 200 Day M A | 24.1525 |
| 50 Day M A | 23.9392 |
| Code | MMIN |
| Updated At | 25th of February 2025 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.47) |
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 0.3%.
Check IQ MacKay Probability Of Bankruptcy
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.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.04) |
IQ MacKay Against Markets
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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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.