IQ Ultra Short Duration ETF (ULTR)
IQ Ultra Short Duration ETF operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $47.96, up 0.05% on the session, giving a market capitalisation of $14.4M. Its beta of 0.07 implies it has historically moved less than the broad market.
This ETF primarily concentrates its portfolio on fixed income securities. Under typical market conditions, a minimum of 80% of its net assets are allocated to these debt instruments. Furthermore, the fund generally ensures that at least 80% of its overall holdings consist of fixed income securities that hold specific, high-quality credit ratings: BBB- or A-2 or above from S&P Global Ratings (S&P), BBB- or F-2 or above from Fitch Ratings (Fitch), or Baa3 or Prime-2 or above from Moody's Investors Service (Moody's). If a security is unrated by these agencies, it may still be included if the fund's management deems its quality to be comparable.
IQ Ultra Short Duration ETF is most often compared with the following Financial Services names: