Northern Trust Intermediate Tax-Exempt Bond ETF (TAXI)
Northern Trust Intermediate Tax-Exempt Bond ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Chicago, IL, US. The stock last traded at $49.10, down 0.33% on the session, giving a market capitalisation of $7.8M. Its beta of 0.14 implies it has historically moved less than the broad market.
This fund aims to replicate the overall returns, both in price appreciation and income generation, of the ICE Intermediate Term Focused Municipal Bond Index, prior to factoring in its operational costs. It serves as an ideal choice for individuals seeking income that is exempt from federal taxes, sourced from a highly-rated, index-tracking municipal bond exchange-traded fund holding securities with medium-range maturities, typically between one and fifteen years.
Northern Trust Intermediate Tax-Exempt Bond ETF is most often compared with the following Financial Services names: