State Street SPDR Nuveen ICE High Yield Municipal Bond ETF (HYMB)
HYMB: Muni ETF Good For High-Yield Dividend Capture
State Street SPDR Nuveen ICE HY Muni Bd ETF offers a 4.6% yield, appealing for tax-advantaged income amid persistent inflation. I maintain a HOLD rating on HYMB due to macro headwinds, oversupply in muni bonds, and vulnerability to economic weakness. HYMB's portfolio is diversified across 1,935 holdings, with top exposures in California and Puerto Rico, and a sector focus on Industrials and Health Care.
Generate $5,600 per Year in Tax Free Income Paid Monthly With Our Low-Cost Muni ETF Portfolio
One of the few downsides of passive income from stocks and bonds is that the income generated by those investments is subject to federal and state income tax.
Farther Finance Advisors LLC Increases Stock Position in SPDR Nuveen ICE High Yield Municipal Bond ETF $HYMB
Farther Finance Advisors LLC lifted its holdings in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) by 13.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 447,613 shares of the company's stock after buying an additional
SPDR Nuveen ICE High Yield Municipal Bond ETF $HYMB Shares Purchased by JPMorgan Chase & Co.
JPMorgan Chase and Co. lifted its position in SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) by 20.8% in the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 352,120 shares of the company's stock after acquiring an additional
HYMB: Solid High-Yield Muni Bond ETF, Above-Average Tax-Advantaged Income
HYMB is a high-yield municipal bond ETF. It focuses on riskier non-investment grade and unrated securities, with sizable investments in quality investment-grade securities. It offers investors a tax-advantaged 4.5% yield. After-tax income should be higher than that of most bonds for investors in the higher tax brackets.
SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) Short Interest Update
SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB - Get Free Report) was the target of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 142,323 shares, an increase of 52.3% from the January 29th total of 93,438 shares. Currently, 0.1% of the
38,572 Shares in SPDR Nuveen ICE High Yield Municipal Bond ETF $HYMB Acquired by SG Americas Securities LLC
SG Americas Securities LLC acquired a new stake in SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) in the undefined quarter, according to its most recent disclosure with the SEC. The fund acquired 38,572 shares of the company's stock, valued at approximately $962,000. A number of other institutional investors have also
Farther Finance Advisors LLC Has $9.81 Million Position in SPDR Nuveen ICE High Yield Municipal Bond ETF $HYMB
Farther Finance Advisors LLC raised its stake in SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) by 31.7% in the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 393,482 shares of the company's stock after acquiring an additional 94,778
Municipal Bonds: I'm Choosing HYMB Over HYD
State Street® SPDR® Nuveen ICE High Yield Municipal Bond ETF (HYMB) is rated a buy, while VanEck High Yield Muni ETF (HYD) is rated hold. HYMB offers higher yields and better risk-adjusted returns despite a slightly higher expense ratio and increased volatility compared to HYD. Current stabilizing interest rates and resilient municipal fundamentals create a favorable outlook for high-yield municipal bonds.
HYMB: A Good Attempt But Not Quite Right
SPDR Nuveen ICE High Yield Municipal Bond ETF offers exposure to lower-rated and unrated municipal bonds, aiming for higher tax-exempt yields. HYMB tracks an index, resulting in broad diversification but limited selectivity, which may cap potential returns compared to more actively managed muni funds. The ETF's current yield of 4.53% is not compelling vs. alternatives like SHYM and NMCO, which offer similar or better returns with less interest rate risk.
HYMB: Prefer Duration Without High-Yield Complication
HYMB offers a high yield but exposes investors to significant credit and transmitting duration risk, especially with some initial recessionary flashes from the jobs data. Strong Q2 demand for municipal bonds may not persist if recessionary pressures increase. HYMB's sensitivity to credit spreads and baseline rates, combined with a high expense ratio, makes it less appealing than safer Treasury ETFs.
Unleveraged Options In The Tax-Exempt Sector
Fund-level leverage is only attractive when carry or capital gains potential is high; current tight spreads and an inverted yield curve make it less appealing. For tax-exempt CEFs, higher yields often come from longer duration, not leverage; unleveraged long-duration funds or ETFs can offer similar or better yields. Investors should not assume more leverage is always better; careful, situation-specific exposure to fund-level leverage is key to balancing risk and return.
HYMB: Solid High-Yield Muni Bond ETF, Growing, Tax-Advantaged 4.5% Yield
HYMB focuses on high-yield muni bonds. It offers investors a tax-advantaged 4.5% dividend yield and competitive after-tax returns. HYMB is a solid investment opportunity and should be of particular interest to investors in taxable accounts facing higher marginal tax rates.
HYMB: An Interesting Alternative For Tax-Free Income
Muni bonds have recently declined, but HYMB offers a compelling 4.5% tax-free yield, making it an option for parking cash. HYMB's lack of leverage reduces risk, especially if interest rates remain stable, and offers potential for price appreciation alongside monthly tax-free dividends. The ETF's good trading volumes and no-leverage structure make it a safer, more liquid choice compared to leveraged CEFs in the current rate environment.
HYMB: Solid For A High Yield Muni Fund
HYMB aims to replicate the performance of the Bloomberg Municipal Yield Index. HYMB currently has 1,777 holdings, showcasing its extensive diversification. The majority of bonds still have some degree of credit risk, but less so that high yield corporate bond funds.
HYMB: High-Yield Municipal Bond ETF, Growing 4.4% Yield
HYMB offers a tax-exempt 4.4% dividend yield, making it potentially attractive for investors in higher tax brackets. It offers few other benefits. An overview of the fund follows.
HYMB: It's Not The Time For Junk Munis
The SPDR Nuveen Bloomberg High Yield Municipal Bond ETF offers a high tax-equivalent yield of 7.9% but takes on significant risk by investing in junk and non-rated municipal bonds. Economic turmoil and a potential recession could lead to increased defaults in the high-risk municipal bond market, making the slightly higher yield not worth the risk. I rate HYMB a Sell.
HYMB: An After Tax Yield Worthy Of A Second Look
HYMB: An After Tax Yield Worthy Of A Second Look
HYMB: Municipal Bond Index ETF, Growing 3.8% Yield
A reader asked for my thoughts on HYMB. HYMB is a simple high yield municipal bond index ETF.
High-Yield Muni Bond ETFs Are Having a Rough Time
Speculative-grade municipal bond-related exchange traded funds have taken a beating, with high-yield munis on pace for their worst year since 2008. Year-to-date, the VanEck Vectors High Yield Muni ETF (HYD) declined 10.8%, the SPDR Nuveen S&P High Yield Municipal Bond ETF (NYSEArca: HYMB) decreased 11.0% and the BlackRock High Yield Muni Income Bond ETF (HYMU) [.