IQ MacKay Ownership
| MMIT Etf | USD 24.07 0.03 0.12% |
MMIT |
MMIT 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 634 constituents with avarage daily trading value of 141.6 K. The fund charges 0.4 percent management fee with a total expences of 0.51 percent of total asset. The fund maintains most of the assets in different exotic instruments. IQ MacKay Municipal last dividend was 0.0292 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 (%)
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 MMIT 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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Thematic Opportunities
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The market value of IQ MacKay Municipal is measured differently than its book value, which is the value of MMIT 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.