See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) - free report >>
Image: Bigstock
Infrastructure Muni Bond ETF (RVNU) Hits New 52-Week High
For investors seeking momentum, Municipal Infrastructure Revenue Bond ETF (RVNU - Free Report) is probably on radar now. The fund just hit a 52-week high and is up over 8.6% from its 52-week low price of $25.07/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:
RVNU in Focus
This product offers returns of the segment of the U.S. long term tax-exempt bond market, consisting of infrastructure revenue bonds. It charges 30 bps in fees (see all Municipal Bond ETFs here).
Why the Move?
Though muni bonds, the tax-exempt corner of the fixed-income market, fall out of investors’ favor amid rising prospects of tax reform, the fund gained lately on the news that Trump is expected to release an infrastructure plan in January. The administration long promised around $1 trillion worth of investments in the infrastructure sector.
More Gains Ahead?
The fund has a positive weighted alpha of 6.30. A positive weighted alpha hints at more gains. As a result, there is definitely some promise for investors who want to ride on this surging ETF.
Want key ETF info delivered straight to your inbox?
Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>