IQ MacKay Ownership
| MMIN Etf | USD 24.36 0.01 0.04% |
Please note, institutional investors have a lot of resources and new technology at their disposal. They can put in a lot of research and financial analysis when reviewing investment options. There are many different types of institutional investors, including banks, hedge funds, insurance companies, and pension plans. One of the main advantages they have over retail investors is the fees paid for trades. As they are buying in large quantities, they can manage their cost more effectively.
MMIN |
MMIN Etf Ownership Analysis
IQ MacKay is is formed as Regulated Investment Company in the United States. ETF is managed and operated by The Bank of New York Mellon Corporation. The fund has 312 constituents with avarage daily trading value of 78.8 K. The fund charges 0.4 percent management fee with a total expences of 0.5 percent of total asset. The fund maintains most of the assets in different exotic instruments. IQ MacKay Municipal last dividend was 0.0398 per share. 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. To find out more about IQ MacKay Municipal contact the company at NA.Investment Allocations (%)
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 Outstanding Bonds
IQ MacKay issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. IQ MacKay Municipal uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most MMIN bonds can be classified according to their maturity, which is the date when IQ MacKay Municipal has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Pair Trading with IQ MacKay
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if IQ MacKay position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in IQ MacKay will appreciate offsetting losses from the drop in the long position's value.Moving together with MMIN Etf
| 0.96 | TFI | SPDR Nuveen Bloomberg | PairCorr |
| 0.83 | PZA | Invesco National AMT | PairCorr |
| 0.83 | MLN | VanEck Long Muni | PairCorr |
| 0.84 | RVNU | Xtrackers Municipal | PairCorr |
Moving against MMIN Etf
| 0.45 | NVDX | T Rex 2X Low Volatility | PairCorr |
| 0.45 | NVDL | GraniteShares 15x Long Aggressive Push | PairCorr |
| 0.45 | NVDU | Direxion Daily NVDA | PairCorr |
| 0.39 | USD | ProShares Ultra Semi | PairCorr |
The ability to find closely correlated positions to IQ MacKay could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IQ MacKay when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IQ MacKay - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling IQ MacKay Municipal to buy it.
The correlation of IQ MacKay is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IQ MacKay moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IQ MacKay Municipal moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for IQ MacKay can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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.