ducovest

MMIT:NYE-IQ MacKay Municipal Intermediate ETF (USD)

ETF | Muni National Interm |

Last Closing

USD 24.03

Change

0.00 (0.00)%

Market Cap

USD 0.75B

Volume

0.11M

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

The fund, under normal circumstances, invests at least 80% of its assets (net assets plus borrowings for investment purposes) in debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax (Municipal Bonds). It does not intend to invest in Municipal Bonds whose interest is subject to the federal alternative minimum tax.

Currency: USD

Country : USA

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-12-25 )

Largest Industry Peers for Muni National Interm

Symbol Name Price(Change) Market Cap
VTEB Vanguard Tax-Exempt Bond Index..

N/A

 USD 35.33B
TAXF American Century Diversified M..

N/A

 USD 0.52B
MMIN IQ MacKay Municipal Insured ET..

N/A

 USD 0.50B
HMOP Hartford Municipal Opportuniti..

N/A

 USD 0.49B
HTAB Hartford Schroders Tax-Aware B..

N/A

 USD 0.44B
MUST Columbia Multi-Sector Municipa..

N/A

 USD 0.42B
FLMI Franklin Liberty Intermediate ..

N/A

 USD 0.40B
MUB iShares National Muni Bond ETF

N/A

 N/A
MUNI PIMCO Intermediate Municipal B..

N/A

 N/A

ETFs Containing MMIT

N/A

Market Performance

  Market Performance vs. Industry/Classification (Muni National Interm) Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain -2.16% 30% F 30% F
Dividend Return 3.16% 80% B- 47% F
Total Return 1.00% 50% F 28% F
Trailing 12 Months  
Capital Gain -2.59% 20% F 30% F
Dividend Return 3.45% 80% B- 51% F
Total Return 0.85% 50% F 30% F
Trailing 5 Years  
Capital Gain -8.87% 20% F 39% F
Dividend Return 14.51% 100% F 48% F
Total Return 5.64% 60% D- 33% F
Average Annual (5 Year Horizon)  
Capital Gain -1.68% 30% F 24% F
Dividend Return 0.52% 60% D- 23% F
Total Return 2.20% 70% C- 51% F
Risk Return Profile  
Volatility (Standard Deviation) 5.16% 80% B- 92% A
Risk Adjusted Return 10.11% 70% C- 27% F
Market Capitalization 0.75B 88% B+ 54% F

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

What to not like:

There is nothing we particularly dislike