Rockefeller California Municipal Bond ETF (RMCA)
Rockefeller California Municipal Bond ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $22.81, down 0.73% on the session, giving a market capitalisation of $18.7M. Its beta of 0.17 implies it has historically moved less than the broad market.
The Rockefeller California Municipal Bond ETF (RMCA) is an actively managed exchange-traded fund whose primary objective is to generate income exempt from both U.S. federal and California state income taxes. It achieves this by focusing its investments on municipal bonds issued within California. Typically, at least 80% of the fund's net assets, including any capital borrowed for investment purposes, will be allocated to debt securities. The interest income from these bonds is considered free from regular U.S. federal and California state income taxation, based on the bond counsel's opinion at the time of issuance and current tax legislation. Importantly, this fund operates with a non-diversified portfolio.
Rockefeller California Municipal Bond ETF is most often compared with the following Financial Services names: