OVM vs. PMIO ETF Comparison
Comparison of Overlay Shares Municipal Bond ETF (OVM) to PGIM Municipal Income Opportunities ETF (PMIO)
OVM
Overlay Shares Municipal Bond ETF
OVM Description
The investment seeks total return. The fund is an actively-managed exchange-traded fund (ETF) that seeks to achieve its objective by (i) investing in one or more other ETFs that seek to obtain exposure to the performance of investment grade municipal bonds and below investment grade municipal bonds or directly in the securities held by such ETFs and (ii) selling and purchasing listed short-term put options to generate income to the fund.
Grade (RS Rating)
Last Trade
$22.22
Average Daily Volume
7,553
1
PMIO
PGIM Municipal Income Opportunities ETF
PMIO Description
Under normal circumstances, the fund invests at least 80% of its investable assets in municipal obligations whose income is exempt from federal income taxes. For purposes of this policy, such municipal obligations include zero coupon bonds, variable rate demand obligations, short term municipal notes, tax-exempt commercial paper, municipal lease obligations etc.Grade (RS Rating)
Last Trade
$51.03
Average Daily Volume
251
2
Performance
| Period | OVM | PMIO |
|---|---|---|
| 30 Days | -0.29% | 0.26% |
| 60 Days | -0.39% | 0.17% |
| 90 Days | 0.66% | 1.05% |
| 12 Months | 7.26% |
1 Overlapping Holdings
| Symbol | Grade | Weight in OVM | Weight in PMIO | Overlap | |
|---|---|---|---|---|---|
| MUB | A | 99.81% | 3.22% | 3.22% |
OVM Overweight 0 Positions Relative to PMIO
| Symbol | Grade | Weight |
|---|
OVM Underweight 1 Positions Relative to PMIO
| Symbol | Grade | Weight | |
|---|---|---|---|
| VTEB | A | -3.67% |
OVM: Top Represented Industries & Keywords
PMIO: Top Represented Industries & Keywords
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