Hudock Inc. Buys New Shares in NYLI MacKay Shields Municipal Intermediate ETF $MMIT

Hudock Inc. bought a new position in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 328,296 shares of the company’s stock, valued at approximately $7,978,000. NYLI MacKay Shields Municipal Intermediate ETF comprises 1.2% of Hudock Inc.’s portfolio, making the stock its 22nd largest position.

Other large investors have also added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 12.5% in the first quarter. Royal Bank of Canada now owns 97,836 shares of the company’s stock valued at $2,345,000 after purchasing an additional 10,902 shares during the period. Jane Street Group LLC lifted its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 128.9% during the first quarter. Jane Street Group LLC now owns 437,354 shares of the company’s stock worth $10,483,000 after purchasing an additional 246,326 shares during the period. TruWealth Advisors LLC boosted its position in NYLI MacKay Shields Municipal Intermediate ETF by 1.3% in the second quarter. TruWealth Advisors LLC now owns 691,196 shares of the company’s stock valued at $16,485,000 after buying an additional 9,178 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 38.9% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 417,115 shares of the company’s stock worth $9,948,000 after buying an additional 116,867 shares during the period. Finally, Burt Wealth Advisors increased its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 137.3% in the 2nd quarter. Burt Wealth Advisors now owns 70,430 shares of the company’s stock worth $1,680,000 after buying an additional 40,750 shares during the period.

NYLI MacKay Shields Municipal Intermediate ETF Price Performance

MMIT opened at $24.46 on Friday. The firm has a 50 day moving average of $24.35 and a two-hundred day moving average of $24.14. NYLI MacKay Shields Municipal Intermediate ETF has a 12-month low of $22.99 and a 12-month high of $24.50.

About NYLI 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. MMIT was launched on Oct 18, 2017 and is managed by IndexIQ.