|Bid||111.00 x 2200|
|Ask||112.48 x 1000|
|Day's Range||112.42 - 112.51|
|52 Week Range||106.42 - 112.53|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.95|
|Expense Ratio (net)||0.07%|
As trade war fears racked U.S. equities the past week, a move to safe-haven assets was abound, which benefited fixed income securities and bond-focused exchange-traded funds (ETFs). While investors can get core exposure via broad-based bond funds, they shouldn't forget to add municipal bonds (munis) as part of their fixed income strategy.
Limitation on the deductibility of state and local taxes (the SALT deduction) from federal taxes and limited supply are favoring muni ETFs.
This muni bond ETF has hit a 52-week high on Thursday. Can it surge higher?