NYLI MacKay California Muni Intermediate ETF (MMCA)
NYLI MacKay California Muni Intermediate ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $21.53, up 0.13% on the session, giving a market capitalisation of $33.2M. Its beta of 0.77 implies it has historically moved less than the broad market.
The NYLI MacKay California Muni Intermediate ETF (MMCA) is designed to generate ongoing income that is exempt from both federal and California income taxes. To achieve this, the ETF allocates a minimum of 80% of its assets to municipal bonds. Furthermore, it endeavors to enhance overall total return through the proactive management strategies employed by its subadvisor.
NYLI MacKay California Muni Intermediate ETF is most often compared with the following Financial Services names: