Municipal Bonds ETFs

Most of these ETFs invest in municipal bonds issued by state and local governments in the United States. Municipal bonds are usually issued when governments require funding for certain civic projects. For example, they are commonly issued for building hospitals, airports, and highways. Yields on bonds can vary widely based on several different factors, including the creditworthiness and outstanding debt of the bond issuer, along with the riskiness of the project, among other factors. Similar to our stance on long term bonds, we are a bit more cautious to where bond values may go from here, so investing in municipal bonds may carry much more risk than many have been used to. We therefore view this category as better suited for moderate investors who understand there is growing risk that interest rates may be on the rise at some point.

C

Category Grade

This category ranks #33 out of 65 ETF categories.

B
Buy

Avg. SMART Grade

The average cap-weighted SMART Grade for ETFs in this category is B (Buy).


Fund Symbol/Name Last Open High Low 52-Wk Hi 52-Wk Lo Day Chg YTD Chg 12-Mo Chg AUM Exp. Ratio SMART Grade
IBMI
iShares iBonds Sep 2020 Term Muni Bond ETF
25.41 25.41 25.41 25.38 25.83 25.21 0.00
(0.00%)
0.20% -0.70% 244.82M 0.18% A
Strong Buy
IBMH
iShares iBonds Sep 2019 Term Muni Bond ETF
25.40 25.42 25.42 25.38 25.65 24.92 0.00
(0.00%)
0.32% -0.63% 233.50M 0.18% A
Strong Buy
IBMG
iShares iBonds Sep 2018 Term Muni Bond ETF
25.40 25.37 25.42 25.37 25.61 25.32 +0.01
(0.04%)
0.04% -0.27% 198.20M 0.18% A
Strong Buy
PVI
PowerShares VRDO Tax Free Weekly Portfolio
24.89 24.92 24.92 24.85 26.18 24.83 +0.06
(0.24%)
-0.08% -0.08% 62.25M 0.25% A
Strong Buy
MEAR
iShares Short Maturity Municipal Bond ETF
49.81 49.79 49.82 49.75 50.18 49.66 +0.03
(0.06%)
-0.01% -0.50% 57.33M 0.25% A
Strong Buy
PRB
VanEck Vectors Pre-refunded Municipal Index ETF
24.27 24.27 24.27 24.27 24.71 24.24 0.00
(0.00%)
-0.08% -0.70% 14.61M 0.24% A
Strong Buy
MUB
iShares National Muni Bond ETF
108.62 108.48 108.71 108.48 111.66 107.62 +0.24
(0.22%)
-1.91% 0.07% 9.13B 0.25% B
Buy
SHM
SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF
47.99 47.98 48.00 47.97 48.95 47.77 -0.02
(-0.04%)
0.17% -0.74% 3.69B 0.20% B
Buy
TFI
SPDR Nuveen Bloomberg Barclays Municipal Bond ETF
47.89 47.88 47.90 47.75 49.42 47.21 +0.04
(0.08%)
-2.21% 0.27% 2.55B 0.23% B
Buy
VTEB
Vanguard Tax-Exempt Bond ETF
50.76 50.78 50.80 50.74 52.07 50.06 +0.14
(0.28%)
-1.77% 0.48% 2.51B 0.12% B
Buy
ITM
VanEck Vectors AMT-Free Intermediate Municipal Index ETF
23.46 23.42 23.49 23.42 24.33 23.11 +0.05
(0.21%)
-2.53% 0.26% 1.74B 0.24% B
Buy
PZA
PowerShares National AMT-Free Municipal Bond Portfolio
25.08 25.10 25.10 25.05 25.90 24.72 +0.06
(0.24%)
-2.83% 0.12% 1.64B 0.28% B
Buy
SUB
iShares Short-Term National Muni Bond ETF
104.80 104.81 104.93 104.78 106.40 104.54 -0.08
(-0.08%)
-0.07% -0.80% 1.54B 0.25% B
Buy
BAB
PowerShares Taxable Municipal Bond Portfolio
29.50 29.53 29.53 29.42 30.98 28.92 +0.10
(0.34%)
-3.88% 0.61% 918.15M 0.28% B
Buy
CMF
iShares California Muni Bond ETF
58.23 58.13 58.28 58.13 59.75 57.35 +0.17
(0.29%)
-1.56% 0.73% 885.72M 0.25% B
Buy
FMB
First Trust Managed Municipal ETF
52.51 52.51 52.54 52.48 54.43 51.14 +0.06
(0.11%)
-1.89% 1.91% 325.19M 0.50% B
Buy
NYF
iShares New York Muni Bond ETF
54.80 54.80 54.80 54.74 56.35 54.53 +0.07
(0.13%)
-1.76% -0.22% 292.22M 0.25% B
Buy
MUNI
PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
52.85 52.78 52.90 52.75 54.58 52.27 +0.12
(0.23%)
-1.49% 0.11% 272.29M 0.35% B
Buy
PWZ
PowerShares California AMT-Free Municipal Bond Portfolio
25.67 25.68 25.68 25.64 26.50 25.08 +0.04
(0.16%)
-2.69% 1.42% 251.37M 0.28% B
Buy
SMB
VanEck Vectors AMT-Free Short Municipal Index ETF
17.26 17.24 17.26 17.22 17.67 17.18 +0.04
(0.23%)
0.12% -1.03% 222.18M 0.20% B
Buy
IBMK
iShares iBonds Dec 2022 Term Muni Bond ETF
25.52 25.55 25.55 25.50 26.37 25.45 0.00
(0.00%)
-0.60% -0.89% 178.50M 0.18% B
Buy
IBMJ
iShares iBonds Dec 2021 Term Muni Bond ETF
25.45 25.45 25.45 25.40 26.08 25.31 +0.03
(0.12%)
0.12% -0.82% 170.18M 0.18% B
Buy
MLN
VanEck Vectors AMT-Free Long Municipal Index ETF
19.69 19.72 19.72 19.59 20.43 19.19 +0.10
(0.51%)
-3.15% 1.34% 160.72M 0.24% B
Buy
XMPT
VanEck Vectors CEF Municipal Income ETF
25.27 25.22 25.27 25.17 27.65 24.85 +0.10
(0.40%)
-5.11% -3.99% 95.61M 0.40% B
Buy
PZT
PowerShares New York AMT-Free Municipal Bond Portfolio
23.92 24.02 24.02 23.92 24.80 23.70 -0.07
(-0.29%)
-3.00% 0.44% 68.34M 0.28% B
Buy
SMMU
Short Term Municipal Bond Active Exchange-Traded Fund
49.82 49.78 49.89 49.77 50.80 49.70 -0.03
(-0.06%)
-0.08% -0.48% 67.88M 0.35% B
Buy
RVNU
Deutsche X-Trackers Municipal Infrastructure Revenue Bond ETF
26.23 26.19 26.25 26.19 27.23 25.50 -0.10
(-0.38%)
-3.42% 1.12% 65.80M 0.30% B
Buy
IBML
iShares iBonds Dec 2023 Term Muni Bond ETF
24.87 24.95 24.95 24.87 25.96 24.86 -0.04
(-0.16%)
-1.39% -1.07% 47.25M 0.18% B
Buy
CUMB
Virtus Cumberland Municipal Bond ETF
24.98 24.94 25.06 24.94 26.08 24.53 +0.04
(0.16%)
-1.96% 0.12% 15.29M 0.80% B
Buy
MCEF
First Trust Municipal CEF Income Opportunity ETF
17.85 17.85 17.85 17.85 19.39 17.82 -0.04
(-0.22%)
-4.75% -3.85% 14.26M 2.11% C
Neutral
MMIT
MacKay Shields Municipal Intermediate ETF
24.63 24.63 24.63 24.63 25.10 24.63 -0.46
(-1.83%)
-1.60% -1.76% 30.01M 0.40% NR
Not Rated
FMHI
First Trust Municipal High Income ETF
49.80 49.80 49.80 49.80 53.47 49.45 -0.66
(-1.31%)
-1.35% -0.58% 20.17M 0.55% NR
Not Rated
MMIN
IQ MacKay Shields Municipal Insured ETF
24.87 24.86 24.87 24.86 25.24 24.66 +0.01
(0.04%)
-0.48% -0.72% 15.07M 0.40% NR
Not Rated
HMOP
Hartford Municipal Opportunities ETF
39.65 39.62 39.65 39.62 44.17 39.56 +0.03
(0.08%)
-1.32% -1.25% 12.02M 0.35% NR
Not Rated
FCAL
First Trust California Municipal High income ETF
49.85 49.69 49.87 49.69 51.76 48.91 -0.08
(-0.16%)
-3.35% -0.42% 10.16M 0.50% NR
Not Rated
FLMB
Franklin Liberty Municipal Bond ETF
24.36 24.36 24.36 24.36 25.38 24.31 +0.04
(0.16%)
-2.46% -2.79% 7.47M 0.30% NR
Not Rated
FLMI
Franklin Liberty Intermediate Municipal Opportunities ETF
24.52 24.52 24.52 24.52 25.05 24.49 +0.03
(0.12%)
-1.72% -2.12% 7.44M 0.30% NR
Not Rated
IBME
26.42 26.43 26.45 26.41 26.66 26.32 -0.02
(-0.08%)
-0.38% -0.68% N/A N/A NR
Not Rated

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