Elyxium Wealth LLC Has $5.53 Million Stake in NYLI MacKay Shields Municipal Intermediate ETF $MMIT

Elyxium Wealth LLC lifted its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 68.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 227,244 shares of the company’s stock after buying an additional 92,064 shares during the period. NYLI MacKay Shields Municipal Intermediate ETF accounts for about 0.1% of Elyxium Wealth LLC’s investment portfolio, making the stock its 14th biggest holding. Elyxium Wealth LLC’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $5,529,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Orgel Wealth Management LLC grew its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 3.7% during the 4th quarter. Orgel Wealth Management LLC now owns 6,325,741 shares of the company’s stock worth $153,905,000 after buying an additional 222,858 shares during the period. Bank of America Corp DE grew its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 10.3% during the 3rd quarter. Bank of America Corp DE now owns 5,013,103 shares of the company’s stock worth $121,818,000 after buying an additional 469,447 shares during the period. Schneider Downs Wealth Management Advisors LP grew its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 22.0% during the 3rd quarter. Schneider Downs Wealth Management Advisors LP now owns 2,242,166 shares of the company’s stock worth $54,485,000 after buying an additional 403,900 shares during the period. UBS Group AG grew its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 7.2% during the 4th quarter. UBS Group AG now owns 1,697,344 shares of the company’s stock worth $41,296,000 after buying an additional 113,582 shares during the period. Finally, Raymond James Financial Inc. grew its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 5.7% during the 3rd quarter. Raymond James Financial Inc. now owns 1,677,493 shares of the company’s stock worth $40,763,000 after buying an additional 90,504 shares during the period.

NYLI MacKay Shields Municipal Intermediate ETF Price Performance

Shares of MMIT stock opened at $24.15 on Monday. NYLI MacKay Shields Municipal Intermediate ETF has a 52 week low of $23.59 and a 52 week high of $24.77. The firm has a 50 day moving average of $24.30 and a 200-day moving average of $24.40.

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.