Loading…
Loading…
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.
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.
The 10-year Treasury yields 4.43%, which sounds competitive until a high earner runs it through the tax screen.
A $75,000 salary sits at the top of the U.S. median household range, but for a retiree in a high federal and state bracket, replacing it with taxable income means earning much more before Uncle Sam takes his cut.
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
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 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 - 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