CFO4Life Group LLC Purchases 62,196 Shares of NYLI MacKay Shields Municipal Intermediate ETF $MMIT

CFO4Life Group LLC increased its position in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 15.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 473,236 shares of the company’s stock after buying an additional 62,196 shares during the quarter. NYLI MacKay Shields Municipal Intermediate ETF comprises about 1.7% of CFO4Life Group LLC’s portfolio, making the stock its 14th biggest position. CFO4Life Group LLC owned approximately 0.96% of NYLI MacKay Shields Municipal Intermediate ETF worth $11,500,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 16.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,056 shares of the company’s stock worth $97,000 after purchasing an additional 584 shares during the period. Assetmark Inc. raised its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 81.7% during the second quarter. Assetmark Inc. now owns 4,185 shares of the company’s stock worth $100,000 after buying an additional 1,882 shares during the last quarter. United Community Bank acquired a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF in the 3rd quarter worth about $116,000. Daymark Wealth Partners LLC acquired a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF in the 2nd quarter worth about $249,000. Finally, AE Wealth Management LLC lifted its position in NYLI MacKay Shields Municipal Intermediate ETF by 13.8% in the 2nd quarter. AE Wealth Management LLC now owns 10,917 shares of the company’s stock valued at $260,000 after acquiring an additional 1,320 shares in the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Price Performance

Shares of MMIT opened at $24.69 on Thursday. The stock has a 50 day moving average price of $24.46 and a two-hundred day moving average price of $24.29. NYLI MacKay Shields Municipal Intermediate ETF has a 52 week low of $22.99 and a 52 week high of $24.70.

NYLI MacKay Shields Municipal Intermediate ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, February 3rd. Stockholders of record on Friday, January 30th were paid a $0.0733 dividend. The ex-dividend date was Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 3.6%.

NYLI MacKay Shields Municipal Intermediate ETF Company 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.