BNY Mellon Municipal Intermediate ETF
BKMI
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Hiroyuki Horisaki
- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 240 Greenwich Street New York NY United States of America 10286
- IPO Date
- Jan 12, 2026
- CIK
- 0001797994
- Website
- bnymellonim.com
- Similar Companies
- Business
- BNY Mellon Municipal Intermediate ETF (BKMI) is an exchange-traded fund that seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the ICE BofAML 1-7 Year Municipal Securities Index, focusing on investment-grade municipal bonds with intermediate maturities. The fund invests substantially all of its assets in a statistically optimized portfolio of U.S. dollar-denominated municipal bonds issued by U.S. states, the District of Columbia, U.S. territories, and their political subdivisions, agencies, and instrumentalities, including revenue bonds, general obligation bonds, and other debt obligations; it employs a representative sampling strategy to track the index while seeking to minimize tracking error. BKMI targets institutional and retail investors seeking tax-exempt income with moderate duration risk, operating within the fixed income segment of the municipal bond market across the United States. Launched in 2023 by BNY Mellon Investment Adviser, Inc., a subsidiary of BNY Mellon headquartered in New York, New York, the ETF recently underwent a ticker symbol change from DMBX to BKMI in late 2025 as part of BNY Mellon's rebranding efforts to consolidate asset management offerings under unified tickers, enhancing visibility and alignment with the firm's broader ETF suite including products like BKLC and BKCH. This rebranding followed BNY Mellon's strategic expansion in ETFs, with no major acquisitions or funding rounds reported in the past year, though the firm continues to emphasize low-cost, index-based municipal strategies amid rising demand for tax-efficient fixed income vehicles.