X-Square Municipal Income Tax Free ETF

ZTAX is an actively managed fund that invests in USD-denominated municipal securities that are exempt from US federal, state, and local taxes. Securities could be of any maturity or credit quality issued by Puerto Rico, Guam and the US Virgin Islands.

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Despite an uptick in activity during the prior week, last week in the wake of the Memorial Day holiday saw the debut of just five new ETFs and the completion of one closure.

Last Week in ETFs: A Few New ETFs, 1 Closure

While the ETF industry has grown significantly in recent years, there are still “firsts” to be had. X-Square Capital can now lay claim to one of them, launching the very first Puerto Rico Muni ETF.

XSquare Capital Launches Puerto Rico Muni ETF

News for X-Square Municipal Income Tax Free ETF ETF (ZTAX)