Sigma Planning Corp Trims Muni Bond ETF

- Sigma Planning Corp is an Ann Arbor, Michigan-based investment adviser with a reported portfolio value of over $3.6 billion. Its largest holdings are concentrated in broad market ETFs, like the iShares Core S&P 500 ETF, and major technology stocks including Apple, NVIDIA, and Amazon. - The iShares National Muni Bond ETF (MUB) is one of the largest of its kind, with assets under management reported between $34 billion and $42.8 billion. It tracks an index of investment-grade, tax-exempt municipal bonds from various states and subdivisions, with a low expense ratio of 0.05%. - As of mid-February 2026, the MUB ETF had a year-to-date total return of 1.55% and a 30-day SEC yield of approximately 3.15%. Over the past year, the ETF has provided a total return of about 4.7%. - The broader municipal bond market outlook for 2026 anticipates a record year for new bond issuance, with forecasts suggesting supply could reach approximately $600 billion. This follows a record-setting issuance of $580 billion in 2025. - Despite the high supply, demand for municipal bonds, particularly through ETFs, is expected to remain strong in 2026. However, market analysts are increasingly emphasizing the importance of security selection and active management to navigate potential volatility. - State governments, the issuers of many municipal bonds, are generally in a strong fiscal position. Rainy-day funds, which are reserves states can use during economic downturns, reached an all-time high of $183 billion. - Analysts generally maintain a favorable outlook for the municipal bond market in 2026, expecting stable credit quality and attractive tax-adjusted yields for investors.