MMIT ETF Analysis: IQ MacKay Municipal | NYSE
Muni National Interm | NYSE, USA | Market Cap: 1.468m USD | 12M Return: -1.5% | US45409F8279 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 14.0M
Warnings
Tailwinds
No distinct edge detected
Seasonality 8.9 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
IQ MacKay Municipal Intermediate ETF (MMIT) is an actively managed exchange-traded fund that primarily invests in U.S. municipal bonds, committing at least 80% of its assets to debt securities whose interest payments are exempt from federal income tax. The fund falls within the Muni National Intermediate category, suggesting a focus on intermediate-duration bonds issued across various U.S. states and municipalities rather than limited to a single states debt.
As a municipal bond fund, MMIT participates in a market segment where state and local governments issue debt to finance public infrastructure and projects such as schools, highways, and utilities. The tax-exempt status of the interest income typically appeals to investors seeking to reduce their federal tax liability, while the intermediate maturity profile generally aims to balance yield with reduced interest-rate sensitivity compared to longer-duration bond funds.
- Fed rate cuts lift intermediate muni bond prices
- Tax policy shifts reshape tax-exempt muni demand
- State fiscal stress raises municipal default risk concerns
As of September 27, 2026, the stock is trading at USD 23.02 with a total of 1,338,846 shares traded. Over the past week, the price has changed by -1.54%, over one month by -3.83%, over three months by -4.75% and over the past year by -1.46%.
Current recommended Stop Loss: 22.80 (which is 1% or 1.8 ATR below the current price).
IQ MacKay Municipal has no consensus analysts rating.