State Street Nuveen Municipal Bond ESG ETF (MBNE)
State Street Nuveen Municipal Bond ESG ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $29.00, up 0.07% on the session, giving a market capitalisation of $11.6M. Its beta of 0.88 implies it has historically moved less than the broad market.
This exchange-traded fund aims to generate current income that is exempt from ordinary federal income taxes. It accomplishes this by investing in municipal bonds selected for their strong environmental, social, and governance (ESG) qualities. The fund prioritizes municipal debt from issuers that are pioneers in their respective sectors for ESG performance, or from "thematic bonds" whose proceeds are allocated to positive environmental or social initiatives. Nuveen actively oversees the portfolio, employing a value-based strategy to identify municipal bonds that are both undervalued and offer attractive yields, provided they meet specific ESG criteria.
State Street Nuveen Municipal Bond ESG ETF is most often compared with the following Financial Services names: