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Upturn AI SWOT - About
SPDR® Nuveen Bloomberg High Yield Municipal Bond ETF (HYMB)
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Upturn Advisory Summary
03/27/2025: HYMB (1-star) is a SELL. SELL since 3 days. Profits (-1.32%). Updated daily EoD!
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type ETF | Historic Profit -2.45% | Avg. Invested days 39 | Today’s Advisory SELL |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 03/27/2025 |
Key Highlights
Volume (30-day avg) 967623 | Beta 1.22 | 52 Weeks Range 24.15 - 25.98 | Updated Date 03/28/2025 |
52 Weeks Range 24.15 - 25.98 | Updated Date 03/28/2025 |
Upturn AI SWOT
SPDR® Nuveen Bloomberg High Yield Municipal Bond ETF
ETF Overview
Overview
The SPDRu00ae Nuveen Bloomberg High Yield Municipal Bond ETF (HYMB) seeks to provide investment results that correspond generally to the price and yield performance of the Bloomberg High Yield Municipal Bond Index. It primarily invests in high-yield municipal bonds, targeting the municipal bond sector with a focus on lower-rated or unrated securities. The investment strategy involves passive replication of the index.
Reputation and Reliability
State Street Global Advisors (SSGA) is a reputable and reliable issuer with a long track record in the ETF market.
Management Expertise
SSGA has extensive experience in managing fixed-income ETFs and has a dedicated team responsible for the fund's operations.
Investment Objective
Goal
The ETF aims to track the performance of the Bloomberg High Yield Municipal Bond Index, providing investors with exposure to the high-yield municipal bond market.
Investment Approach and Strategy
Strategy: The ETF employs a passive investment strategy, seeking to replicate the Bloomberg High Yield Municipal Bond Index.
Composition The ETF holds a portfolio of high-yield municipal bonds, which are debt securities issued by state and local governments.
Market Position
Market Share: HYMB holds a significant market share within the high-yield municipal bond ETF category.
Total Net Assets (AUM): 405000000
Competitors
Key Competitors
- Invesco High Yield Municipal Bond ETF (HYMB)
- VanEck High Yield Muni ETF (HYD)
- iShares National Muni Bond ETF (MUB)
Competitive Landscape
The high-yield municipal bond ETF market is competitive, with several established players. HYMB benefits from the strong brand recognition of SPDR and Nuveen and has a similar holdings to its competitors. However, its expense ratio is slightly higher than some competitors. HYMB aims to set themselves apart by offering the highest distribution rate with lowest expense ratios.
Financial Performance
Historical Performance: Past performance does not guarantee future results. Consult current data for most up-to-date information.
Benchmark Comparison: The ETF's performance is compared to the Bloomberg High Yield Municipal Bond Index.
Expense Ratio: 0.35
Liquidity
Average Trading Volume
The ETF exhibits moderate liquidity, as reflected in its average trading volume.
Bid-Ask Spread
The bid-ask spread is typically reasonable, representing the cost of trading the ETF.
Market Dynamics
Market Environment Factors
Interest rate changes, credit spreads, and economic growth can all impact the performance of high-yield municipal bonds. Regulatory changes and municipal issuer financial health also play a role.
Growth Trajectory
The ETF's growth trajectory is influenced by investor demand for high-yield municipal bonds and overall market conditions.
Moat and Competitive Advantages
Competitive Edge
HYMB benefits from the combined brand recognition of SPDR and Nuveen. Its established track record and liquid trading also contribute to its competitive edge. The ETF offers exposure to a broad range of high-yield municipal bonds, providing diversification within the asset class. Finally, HYMB's appeal lies in it's high distribution yield.
Risk Analysis
Volatility
High-yield municipal bonds tend to be more volatile than investment-grade bonds.
Market Risk
The ETF is subject to market risk, including interest rate risk, credit risk, and liquidity risk.
Investor Profile
Ideal Investor Profile
The ETF is suitable for investors seeking income and diversification in the high-yield municipal bond market.
Market Risk
The ETF is suitable for long-term investors with a moderate risk tolerance.
Summary
The SPDRu00ae Nuveen Bloomberg High Yield Municipal Bond ETF (HYMB) offers investors exposure to the high-yield municipal bond market. It tracks the Bloomberg High Yield Municipal Bond Index and has a competitive expense ratio. HYMB is suitable for investors looking for income and diversification in their portfolio. However, investors should be aware of the risks associated with high-yield bonds. SSGA provides strong management that is a key component to consider.
Similar Companies
- HYD
- VTEB
- SUB
- MUB
Sources and Disclaimers
Data Sources:
- SSGA Website
- Bloomberg
- Nuveen Website
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Market data is subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SPDR® Nuveen Bloomberg High Yield Municipal Bond ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Sub-Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index measures the performance of U.S. dollar-denominated high-yield municipal bonds issued by U.S. states, the District of Columbia, U.S. territories and local governments or agencies.
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