Northern Trust Short-Term Tax-Exempt Bond ETF (TAXS)
Northern Trust Short-Term 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 $50.20, down 0.06% on the session, giving a market capitalisation of $8.0M. Its beta of 0.03 implies it has historically moved less than the broad market.
The Fund aims to replicate the overall price and yield performance of the ICE Short-term Focused Municipal Bond Index, before any deductions for management fees and operational expenses. This ETF is designed for investors seeking tax-free income through a passively managed fund that invests in high-quality municipal bonds with short-duration maturities, typically ranging from one to five years.
Northern Trust Short-Term Tax-Exempt Bond ETF is most often compared with the following Financial Services names: