GMUB Goldman Sachs Municipal Income ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
Goldman Sachs Municipal Income ETF (GMUB) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2024-07-23
- Has Options
- No
- Expense ratio
- 0.18% issuer, Oct 21, 2026
- Assets
- $640M issuer-reported, Oct 19, 2026
- Trailing yield
- 3.49% paid monthly
- Average daily volume
- $18M 30 sessions
- Holdings
- 901 top 10 are 10.7%
- Listed
- Jul 23, 2024 NYSE Arca
- Net asset value
- $49.43 issuer, Oct 19, 2026 · closed -0.03% to NAV
- Median bid/ask spread
- 0.06% 30 days, issuer-reported
- 30-day SEC yield
- 3.90% issuer, Sep 30, 2026
Moves with. Long Treasuries (34% of its variance, beta 0.20). These factors explain 36% of its daily moves over the last year.
Stated objective. The Goldman Sachs Municipal Income ETF (the Fund) seeks a high level of current income that is exempt from regular federal income tax. (from the fund's prospectus)
All 901 holdingsFlow historyOverlap toolAll National Muni ETFs
- May 2026
- +$17M latest reported month
- Latest 3 months
- +$78M +27.9% of assets
- Latest 12 months
- +$254M +90.8% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | +$17M |
| Apr 2026 | +$20M |
| Mar 2026 | +$41M |
| Feb 2026 | +$5.2M |
| Jan 2026 | +$56M |
| Dec 2025 | +$17M |
| Nov 2025 | +$7.7M |
| Oct 2025 | +$6.4M |
| Sep 2025 | +$13M |
| Aug 2025 | +$8.7M |
| Jul 2025 | +$37M |
| Jun 2025 | +$25M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 24 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| MUBiShares National Muni Bond ETF | — | 0.05% | $51.7B | −4.7% | compare |
| VTEBVanguard Tax-Exempt Bond Index Fund | — | 0.03% | $50.4B | −5.0% | compare |
| JMUBJPMorgan Municipal ETF | — | 0.18% | $8.7B | −4.9% | compare |
| CGMUCapital Group Municipal Income ETF | — | 0.27% | $7.2B | −4.0% | compare |
| PZAInvesco National AMT-Free Municipal Bond ETF | — | 0.28% | $4.1B | −8.0% | compare |
The largest other funds in the National Muni category.
- Authorized participants
- 4 active of 20 with agreements; top 3 did 94%
- Created · redeemed
- $87M · $0 over the fiscal year
- Redemptions in kind
- 0% creations 3% in kind
- Creation unit
- 25,000 shares
- Securities lending
- not authorized
- Diversification status
- Non-diversified may concentrate in fewer issuers
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-10-01 | 2026-10-07 | $0.1374 | CD |
| 2026-09-01 | 2026-09-08 | $0.1146 | CD |
| 2026-08-03 | 2026-08-07 | $0.1539 | CD |
| 2026-07-01 | 2026-07-08 | $0.1580 | CD |
| 2026-06-01 | 2026-06-05 | $0.1405 | CD |
| 2026-05-01 | 2026-05-07 | $0.1483 | CD |
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | MISSISSIPPI BUSINESS FINA | 2.03% | Municipal Bond | — |
| — | CHARLOTTE-MECKLENBURG HOS | 1.93% | Municipal Bond | — |
| — | PUERTO RICO SALES TAX FIN | 1.80% | Municipal Bond | US |
| — | NEW YORK CITY MUNICIPAL W | 0.96% | Municipal Bond | — |
| — | GS TRUST - GS FINANCIAL S | 0.90% | Cash/Money Market | — |
| — | ANN ARBOR MICH HSG COMMN | 0.79% | Municipal Bond | — |
| — | LOS ANGELES DEPARTMENT OF | 0.72% | Municipal Bond | US |
| — | CHANDLER INDUSTRIAL DEVEL | 0.62% | Municipal Bond | US |
| — | DISTRICT OF COLUMBIA WATE | 0.62% | Municipal Bond | US |
| — | SAN ANTONIO, TEXAS (CITY | 0.57% | Municipal Bond | — |
| — | ARIZONA HEALTH FACILITIES | 0.57% | Municipal Bond | — |
| — | PHILADELPHIA PENNSYLVANIA | 0.56% | Municipal Bond | US |
| — | CALIFORNIA MUNICIPAL FINA | 0.53% | Municipal Bond | US |
| — | DORMITORY AUTHORITY OF TH | 0.53% | Municipal Bond | — |
| — | MARYLAND (STATE OF) | 0.50% | Municipal Bond | US |
| — | NEW YORK CITY TRANSITIONA | 0.49% | Municipal Bond | US |
| — | STATE OF CALIFORNIA | 0.49% | Municipal Bond | US |
| — | METROPOLITAN NASHVILLE AI | 0.48% | Municipal Bond | — |
| — | METROPOLITAN TRANSPORTATI | 0.48% | Municipal Bond | US |
| — | NORTH EAST INDEPENDENT SC | 0.47% | Municipal Bond | — |
| — | LANSING BOARD OF WATER & | 0.47% | Municipal Bond | — |
| — | THE MESQUITE HOUSING FINA | 0.46% | Municipal Bond | US |
| — | PENNSYLVANIA TURNPIKE COM | 0.44% | Municipal Bond | — |
| — | METROPOLITAN TRANSPORTATI | 0.43% | Municipal Bond | US |
| — | PUERTO RICO SALES TAX FIN | 0.43% | Municipal Bond | — |
| — | RHODE ISLAND HEALTH AND E | 0.42% | Municipal Bond | — |
| — | TARRANT COUNTY CULTURAL E | 0.41% | Municipal Bond | US |
| — | KENTUCKY MUNICIPAL POWER | 0.41% | Municipal Bond | — |
| — | NEW YORK CITY TRANSITIONA | 0.40% | Municipal Bond | US |
| — | LOS ANGELES COUNTY METROP | 0.40% | Municipal Bond | — |
| — | BLACK BELT ENERGY GAS DIS | 0.40% | Municipal Bond | US |
| — | DORMITORY AUTHORITY OF TH | 0.39% | Municipal Bond | US |
| — | PUERTO RICO ELECTRIC POWE | 0.39% | Municipal Bond | — |
| — | JACKSONVILLE AVIATION AUT | 0.37% | Municipal Bond | — |
| — | OHIO WATER DEVELOPMENT AU | 0.37% | Municipal Bond | — |
| — | IOWA FINANCE AUTHORITY | 0.37% | Municipal Bond | US |
| — | STATE OF ILLINOIS | 0.37% | Municipal Bond | US |
| — | PUERTO RICO SALES TAX FIN | 0.36% | Municipal Bond | US |
| — | BURBANK-GLENDALE-PASADENA | 0.36% | Municipal Bond | — |
| — | STATE OF ILLINOIS | 0.36% | Municipal Bond | US |
| — | CALIFORNIA STATEWIDE COMM | 0.34% | Municipal Bond | — |
| — | SOUTHEAST ENERGY AUTHORIT | 0.34% | Municipal Bond | US |
| — | MINNEAPOLIS, MINNESOTA (C | 0.34% | Municipal Bond | — |
| — | STATE OF CONNECTICUT | 0.33% | Municipal Bond | US |
| — | HEALTH AND EDUCATIONAL FA | 0.33% | Municipal Bond | US |
| — | FORT WORTH TEXAS WATER & | 0.33% | Municipal Bond | — |
| — | SAN ANTONIO AIRPORT SYSTE | 0.33% | Municipal Bond | — |
| — | NORTH DAKOTA HOUSING FINA | 0.32% | Municipal Bond | — |
| — | VIRGINIA SMALL BUSINESS F | 0.32% | Municipal Bond | — |
| — | CALIFORNIA COMMUNITY CHOI | 0.32% | Municipal Bond | US |
| Category | Weight | Value | Positions |
|---|---|---|---|
| Municipal | 101.05% | $282.4M | 529 |
| Short-term investment | 0.24% | $661031 | 1 |
| Derivative (interest rate) | -0.01% | $-20426 | 1 |
| Month | '24 | '25 | '26 | Avg |
|---|---|---|---|---|
| Jan | -- | 0.33% | 0.72% | 0.53% |
| Feb | -- | 0.91% | 1.20% | 1.05% |
| Mar | -- | -1.23% | -1.75% | -1.49% |
| Apr | -- | -0.73% | 0.69% | -0.02% |
| May | -- | 0.30% | 0.21% | 0.26% |
| Jun | -- | 1.37% | 0.41% | 0.89% |
| Jul | 0.39% | -0.03% | -1.13% | -0.26% |
| Aug | 0.38% | 0.57% | 0.03% | 0.33% |
| Sep | 0.69% | 2.04% | -3.02% | -0.10% |
| Oct | -0.98% | 0.85% | 1.11%* | 0.33% |
| Nov | 1.30% | 0.27% | -- | 0.79% |
| Dec | -1.36% | 0.41% | -- | -0.48% |
| Total | 0.39% | 5.14% | -1.60% | 1.31% |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
Momentum Oscillators
Volume & Volatility
Data Summary
LLM Stock Analysis Report: GMUB
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers:
- Strong technical momentum signals, but recent price action has been range-bound
- Low volatility indicates low risk environment
- No recent news or earnings data available
Primary Risks:
- Potential for further consolidation or sideways movement before resuming uptrend
- Low trading volume suggests limited liquidity and increased risk of large price movements
Investment Thesis: GMUB is a relatively stable stock with low volatility, but its technical momentum signals indicate potential for future growth. The lack of recent news and earnings data makes it difficult to pinpoint specific catalysts or concerns.
Recent News Sentiment Impact: None available due to lack of recent news headlines.
Technical Analysis
Trend Direction: Medium-term (1-3 months): Uptrend confirmed by SMA 50 and EMA 12 above the current price. Short-term (1-4 weeks): Neutral, with RSI indicating overbought conditions.
Support/Resistance Levels: Key levels to monitor are the Bollinger Bands Upper ($51.40) and Lower ($50.81).
Momentum Signals:
- RSI interpretation: Overbought (>70), indicating potential sell signal.
- MACD signal: Bearish crossover, suggesting potential correction.
- Bollinger Bands position: Neutral, with price trading within the bands.
Volume Analysis: Low trading volume suggests limited liquidity and increased risk of large price movements. Volume Rate of Change is negative (-34.23%), indicating a decrease in trading activity.
News & Sentiment Analysis
Recent Headlines Summary: None available due to lack of recent news headlines.
Sentiment Assessment: Neutral, with no recent news data available to assess sentiment.
Catalyst Identification: No specific catalysts or concerns identified due to lack of recent news and earnings data.
Market Narrative: The market narrative is neutral, with GMUB's technical momentum signals indicating potential for future growth.
Risk & Volatility Assessment
Beta Interpretation: Beta of 0.05 indicates low risk relative to the SPY.
Volatility Regime: Low volatility regime, with stock moves less than the market.
Options Market Signals: No options data available to analyze.
Downside Protection: Support levels at $51.11 (SMA 20) and $50.81 (Bollinger Bands Lower) provide some downside protection.
Market Context & Positioning
Sector Performance: Relative strength within the sector/market.
Institutional Activity: Limited institutional interest, with low trading volume suggesting limited liquidity.
Correlation Analysis: Correlation with the market is moderate (0.21).
Relative Valuation: GMUB is positioned within a trading range, with no clear signs of overvaluation or undervaluation.
Key Levels & Action Items
- Critical Price Levels: Support/resistance levels at $51.40 (Bollinger Bands Upper), $51.11 (SMA 20), and $50.81 (Bollinger Bands Lower).
- Breakout/Breakdown Levels: None identified.
- Time-Sensitive Catalysts: No specific catalysts or concerns identified due to lack of recent news and earnings data.
- Risk Management: Stop-loss levels can be set at $51.11 (SMA 20) and $50.81 (Bollinger Bands Lower), with position sizing considerations.
Overall, GMUB's technical momentum signals indicate potential for future growth, but the low trading volume and lack of recent news and earnings data increase the risk of large price movements. A neutral overall assessment is justified due to the mixed signals from the technical indicators.
GMUB Options Activity & IV Rank
Each spread is ranked by a composite score built in three stages. Full documentation →
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
Risk Metrics
Analysis Details
Data Points: 251
Period: 252 trading days
Low volatility - stock moves less than market
GMUB Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Click any bar to view the full quote for that stock.
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|