VanEck HIP Sustainable Muni ETF (SMI)
VanEck HIP Sustainable Muni ETF operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $44.25, down 0.21% on the session, giving a market capitalisation of $11.1M. Its beta of 0.93 implies it has historically moved less than the broad market.
This actively managed exchange-traded fund (ETF) primarily invests in investment-grade municipal debt securities, aiming for income that is exempt from U.S. federal income tax. Typically, at least 80% of its total assets are allocated to these tax-advantaged investments. The fund specifically targets municipal bond issuers whose operations or projects advance sustainable development, with selections aligning to United Nations Sustainable Development Goals (SDGs) 9, 11, and 12. It operates as a non-diversified fund.
VanEck HIP Sustainable Muni ETF is most often compared with the following Financial Services names: