Eaton Vance High Income Municipal ETF (EVYM)
Eaton Vance High Income Municipal ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $47.36, down 0.57% on the session, giving a market capitalisation of $54.2M. Its beta of 0.16 implies it has historically moved less than the broad market.
EVYM is an actively managed exchange-traded fund primarily invested in U.S. municipal bonds that are exempt from federal income tax. The fund largely concentrates its holdings in high-yield debt instruments, though it also has the flexibility to include municipal securities with lower investment-grade ratings. Up to 20% of its assets may be allocated to other debt types, including taxable municipal bonds, U.S. Treasuries, and obligations issued by the U.S. government, its agencies, or instrumentalities. Typically, the fund acquires municipal bonds with maturities of ten years or more, but it retains the option to invest in shorter-term securities. The advisor places considerable importance on assessing the creditworthiness of issuers, utilizing ratings provided by credit agencies to guide investment and divestment decisions. Environmental, Social, and Governance (ESG) factors that could influence an obligation's performance are also taken into account.
Eaton Vance High Income Municipal ETF is most often compared with the following Financial Services names: