PGIM Municipal Income Opportunities ETFPGIM Municipal Income Opportunities ETFPGIM Municipal Income Opportunities ETF

PGIM Municipal Income Opportunities ETF

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Key stats


Assets under management (AUM)
‪26.19 M‬USD
Fund flows (1Y)
‪1.25 M‬USD
Dividend yield (indicated)
4.19%
Discount/Premium to NAV
0.07%
Shares outstanding
‪525.00 K‬
Expense ratio
0.25%

About PGIM Municipal Income Opportunities ETF


Brand
PGIM
Home page
Inception date
Jun 14, 2024
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Replication method
Physical
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
PGIM Investments LLC
Distributor
Prudential Investment Management Services LLC
ISIN
US69344A7761
PMIO is an actively managed fund that combines a top-down analysis and bottom-up research to create a portfolio of tax-exempt, municipal bonds. This portfolio aims to maintain a weighted average portfolio duration of two years or less. PMIO will primarily invest at least 70% of its assets in investment grade municipal bonds but may allot 30% of the funds assets to high yield debt or junk bonds. In selecting components for the fund, the adviser combines a top-down analysis, which looks at economic, policy, and market trends to evaluate movement of markets and securities prices, with bottom-up research, where each issuer is evaluated based on their composition of revenue, profitability, cash flow margin, and leverage. The fund also utilizes quantitative models and risk management systems. Derivatives may be used to enhance yield or manage risk.

Broaden your horizons with more funds linked to PMIO via country, focus, and more.

Classification


Asset Class
Fixed income
Category
Government, local authority/municipal
Focus
Broad credit
Niche
Intermediate
Strategy
Active
Geography
U.S.
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Bonds, Cash & Other
Municipal
Stock breakdown by region
100%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
PMIO trades at 50.08 USD today, its price has risen 0.17% in the past 24 hours. Track more dynamics on PMIO price chart.
PMIO net asset value is 49.96 today — it's risen 0.66% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
PMIO assets under management is ‪26.19 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
PMIO price has risen by 0.27% over the last month, and its yearly performance shows a −2.17% decrease. See more dynamics on PMIO price chart.
NAV returns, another gauge of an ETF dynamics, showed a 1.70% increase in three-month performance and has increased by 2.08% in a year.
PMIO fund flows account for ‪1.25 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
PMIO invests in bonds. See more details in our Analysis section.
PMIO expense ratio is 0.25%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, PMIO isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, PMIO technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating PMIO shows the sell signal. See more of PMIO technicals for a more comprehensive analysis.
Yes, PMIO pays dividends to its holders with the dividend yield of 4.19%.
PMIO trades at a premium (0.07%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
PMIO shares are issued by Prudential Financial, Inc.
PMIO follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jun 14, 2024.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.