|Bid||57.24 x 1800|
|Ask||57.42 x 600|
|Day's Range||57.22 - 57.34|
|52 Week Range||54.00 - 59.72|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.45%|
High-yield municipal bond income seems like a dream come true in today’s market. The ability to capture a 4%-plus income stream with little taxable impact in a strongly trending credit environment is the ideal situation for many retirees. Illinois recently received a downgrade in its credit rating status to one notch above “junk” level and Puerto Rico is still embattled over its gigantic debt restructuring deal as well.
Patrick Luby is the municipal strategist at CreditSights Wealth. With most municipal bond total return indices strongly positive, year-to-date net flows into muni bond ETFs have now eclipsed the $2 billion mark, although the pace of inflows is slower than last year, when $3.2 billion was added in the same period.
Earlier this month, 97 percent of Puerto Ricans who participated in a non-binding referendum voted in favor of Puerto Rico becoming the 51st U.S. state. Puerto Rico has been officially classified as a ...