NewEdge Wealth LLC acquired a new position in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 43,712 shares of the company’s stock, valued at approximately $1,054,000. NewEdge Wealth LLC owned approximately 0.07% of NYLI MacKay Shields Municipal Intermediate ETF at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. CWM LLC bought a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF during the 4th quarter valued at about $26,000. CIBC Private Wealth Group LLC bought a new position in NYLI MacKay Shields Municipal Intermediate ETF in the fourth quarter worth about $27,000. BOKF NA purchased a new stake in NYLI MacKay Shields Municipal Intermediate ETF in the third quarter worth about $53,000. Root Financial Partners LLC purchased a new stake in NYLI MacKay Shields Municipal Intermediate ETF in the fourth quarter worth about $83,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in NYLI MacKay Shields Municipal Intermediate ETF by 16.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,056 shares of the company’s stock valued at $97,000 after acquiring an additional 584 shares in the last quarter.
NYLI MacKay Shields Municipal Intermediate ETF Trading Up 0.2%
MMIT stock opened at $24.01 on Tuesday. NYLI MacKay Shields Municipal Intermediate ETF has a fifty-two week low of $23.72 and a fifty-two week high of $24.77. The business’s 50 day moving average price is $24.27 and its two-hundred day moving average price is $24.36.
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.
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