Rareview Tax Advantaged Income ETF (RTAI)
Rareview Tax Advantaged Income ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Las Vegas, NY, US. The stock last traded at $19.05, down 0.42% on the session, giving a market capitalisation of $16.7M. Its beta of 2.18 implies it has historically moved more than the broad market.
Typically, the Rareview Tax Advantaged Income ETF (RTAI) primarily invests in closed-end funds that hold municipal bonds. Its selection criteria include whether these funds trade at a premium or discount to their underlying net asset value, along with their commitment to paying regular cash distributions. Although its main emphasis is on these closed-end funds, RTAI has the flexibility to allocate up to 30% of its total assets to municipal or short-term U.S. Treasury exchange-traded funds (ETFs). This allocation occurs at the adviser's discretion, should such ETFs present superior investment opportunities or enhanced liquidity for the municipal and short-term debt markets. It is structured as a non-diversified fund.
Rareview Tax Advantaged Income ETF is most often compared with the following Financial Services names: