NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) Hits New 12-Month High – Should You Buy?

Posted by Andrew Walz on Feb 23rd, 2026

NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Get Free Report)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $24.72 and last traded at $24.7150, with a volume of 238826 shares changing hands. The stock had previously closed at $24.69.

NYLI MacKay Shields Municipal Intermediate ETF Trading Up 0.0%

The firm has a fifty day simple moving average of $24.48 and a two-hundred day simple moving average of $24.31.

NYLI MacKay Shields Municipal Intermediate ETF Cuts Dividend

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

Institutional Trading of NYLI MacKay Shields Municipal Intermediate ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC bought a new stake in NYLI MacKay Shields Municipal Intermediate ETF during the 4th quarter valued at $26,000. CIBC Private Wealth Group LLC bought a new position in NYLI MacKay Shields Municipal Intermediate ETF in the 4th quarter worth about $27,000. BOKF NA bought a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF during the third quarter valued at about $53,000. Root Financial Partners LLC bought a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF during the fourth quarter valued at about $83,000. Finally, Rossby Financial LCC purchased a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF in the third quarter worth about $95,000.

NYLI MacKay Shields Municipal Intermediate ETF Company Profile

(Get Free Report)

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.