X-Square Municipal Income ETF (ZTAX)
X-Square Municipal Income ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Guaynabo, PR, US. The stock last traded at $25.50, up 0.00% on the session, giving a market capitalisation of $4.6M. Its beta of 0.93 implies it has historically moved less than the broad market.
The X-Square Municipal Income ETF (ZTAX) primarily allocates a minimum of 80% of its investment capital (inclusive of any assets acquired through borrowing) to municipal debt instruments that offer exemption from both federal and state income tax. Management anticipates that the fund could potentially direct its entire portfolio, up to 100% of its assets, into tax-exempt municipal bonds issued by specific U.S. territories, namely Puerto Rico, Guam, and the U.S. Virgin Islands. These municipal securities may encompass a broad range of maturities, durations, and credit qualities, extending to and including those rated below investment grade, frequently known as "junk bonds." A key characteristic of this fund is its non-diversified structure.
X-Square Municipal Income ETF is most often compared with the following Financial Services names: