|Day's Range||110.33 - 110.44|
|52 Week Range||106.30 - 115.19|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.25%|
Pros and cons of muni bond ETF investing in the Trump era.
David Kotok of Cumberland Advisors wrote an interesting essay Friday titled "Obstruction of Justice and Markets." It's mostly about market reaction to all the uncertainty in Washington. It seems Kotok is talking about buying a muni with a 4% coupon -- which would be about a 7% tax-equivalent yield for an investor in the highest tax bracket -- a gift indeed.
One thing that’s certain is that bargain-priced muni-bond CEFs are going to get tougher to find.