BlackRock High Yield Muni Income Bond ETF (HYMU)
BlackRock High Yield Muni Income Bond ETF operates in the Asset Management - Income industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $22.87, down 0.09% on the session, giving a market capitalisation of $293.7M. Its beta of 1.14 implies it has historically moved more than the broad market.
The BlackRock High Yield Muni Income Bond ETF (HYMU) fundamentally aims to achieve its investment objectives by dedicating a minimum of 80% of its total assets to municipal bonds under ordinary market circumstances. These municipal bonds represent debt instruments issued by or on behalf of governmental entities or other qualified issuers. A principal characteristic of these securities is that, in the judgment of the issuer's bond counsel, the interest they generate is typically excluded from federal gross income for tax purposes. It is important to note that this fund operates with a non-diversified investment approach.
BlackRock High Yield Muni Income Bond ETF is most often compared with the following Financial Services names: