IQ MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) Shares Bought by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV raised its holdings in shares of IQ MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 18.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 190,347 shares of the company’s stock after purchasing an additional 29,883 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in IQ MacKay Shields Municipal Intermediate ETF were worth $4,603,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MMIT. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of IQ MacKay Shields Municipal Intermediate ETF during the fourth quarter worth $250,000. Waterloo Capital L.P. acquired a new stake in shares of IQ MacKay Shields Municipal Intermediate ETF during the 4th quarter valued at about $292,000. AdvisorNet Financial Inc grew its stake in shares of IQ MacKay Shields Municipal Intermediate ETF by 2.1% in the 1st quarter. AdvisorNet Financial Inc now owns 42,731 shares of the company’s stock valued at $1,042,000 after buying an additional 862 shares in the last quarter. Janney Capital Management LLC acquired a new position in IQ MacKay Shields Municipal Intermediate ETF in the fourth quarter worth approximately $1,521,000. Finally, Steward Partners Investment Advisory LLC raised its position in IQ MacKay Shields Municipal Intermediate ETF by 8.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 158,393 shares of the company’s stock valued at $3,890,000 after acquiring an additional 12,745 shares in the last quarter.

IQ MacKay Shields Municipal Intermediate ETF Stock Performance

Shares of IQ MacKay Shields Municipal Intermediate ETF stock remained flat at $24.47 during midday trading on Monday. 82,468 shares of the stock were exchanged, compared to its average volume of 109,309. IQ MacKay Shields Municipal Intermediate ETF has a fifty-two week low of $23.21 and a fifty-two week high of $24.71. The firm has a 50 day moving average of $24.21 and a 200 day moving average of $24.26.

About IQ MacKay Shields Municipal Intermediate ETF

The IQ MacKay Municipal Intermediate ETF (MMIT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to provide enhanced total-return potential by investing mainly in investment-grade, AMT-free US municipal bonds with duration between 3-10 years.