About IQ MacKay Shields Municipal Intermediate ETF (MMIT)

IQ MacKay Shields Municipal Intermediate ETF (MMIT) is an exchange-traded fund that provides investors with exposure to intermediate-term municipal bonds in the United States. The fund aims to track the performance of the MacKay Shields Municipal Intermediate Index, which is designed to reflect the performance of the intermediate-term segment of the U.S. municipal bond market. Municipal bonds are debt securities issued by state and local governments to fund various public projects and initiatives. They are often considered as relatively safe investments due to their tax advantages and historically low default rates.

MMIT's price history shows the performance of the fund over time. Investors can track the fund's price movements to evaluate its historical performance and make informed investment decisions. Additionally, the current quote of MMIT provides investors with the latest price at which the fund is trading in the market. This information is crucial for investors looking to buy or sell shares of MMIT. It is important to note that the price of MMIT can fluctuate based on various factors such as market conditions, interest rates, and economic indicators.