Legacy Financial Strategies LLC Has $2.39 Million Stock Holdings in NYLI MacKay Shields Municipal Intermediate ETF $MMIT

Legacy Financial Strategies LLC increased its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 26.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 98,458 shares of the company’s stock after purchasing an additional 20,644 shares during the quarter. Legacy Financial Strategies LLC owned 0.20% of NYLI MacKay Shields Municipal Intermediate ETF worth $2,393,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Orgel Wealth Management LLC increased its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 3.3% during the third quarter. Orgel Wealth Management LLC now owns 6,102,883 shares of the company’s stock worth $148,300,000 after acquiring an additional 193,657 shares in the last quarter. Bank of America Corp DE boosted its stake in NYLI MacKay Shields Municipal Intermediate ETF by 9.7% in the 2nd quarter. Bank of America Corp DE now owns 4,543,656 shares of the company’s stock worth $108,366,000 after purchasing an additional 402,061 shares during the period. Meeder Advisory Services Inc. increased its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 8.0% during the 3rd quarter. Meeder Advisory Services Inc. now owns 2,063,569 shares of the company’s stock worth $50,145,000 after purchasing an additional 153,508 shares in the last quarter. Schneider Downs Wealth Management Advisors LP raised its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 4.4% in the 2nd quarter. Schneider Downs Wealth Management Advisors LP now owns 1,838,266 shares of the company’s stock valued at $43,843,000 after purchasing an additional 77,484 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 2.3% in the second quarter. Cetera Investment Advisers now owns 1,702,735 shares of the company’s stock valued at $40,610,000 after purchasing an additional 38,395 shares in the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Stock Down 0.0%

MMIT stock opened at $24.57 on Monday. The business has a 50-day moving average of $24.41 and a 200-day moving average of $24.25. NYLI MacKay Shields Municipal Intermediate ETF has a fifty-two week low of $22.99 and a fifty-two week high of $24.59.

NYLI MacKay Shields Municipal Intermediate ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, February 3rd. Shareholders of record on Friday, January 30th were given a dividend of $0.0733 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 3.6%.

NYLI MacKay Shields Municipal Intermediate ETF Profile

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.