KFG Wealth Management LLC Acquires New Stake in NYLI MacKay Shields Municipal Intermediate ETF $MMIT

KFG Wealth Management LLC bought a new position in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 25,577 shares of the company’s stock, valued at approximately $623,000.

A number of other large investors have also bought and sold shares of MMIT. Royal Bank of Canada lifted its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 12.5% during the 1st quarter. Royal Bank of Canada now owns 97,836 shares of the company’s stock valued at $2,345,000 after buying an additional 10,902 shares during the last quarter. Jane Street Group LLC increased its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 128.9% in the 1st quarter. Jane Street Group LLC now owns 437,354 shares of the company’s stock worth $10,483,000 after acquiring an additional 246,326 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 36.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 196,002 shares of the company’s stock worth $4,675,000 after acquiring an additional 52,003 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in NYLI MacKay Shields Municipal Intermediate ETF by 16.8% in 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 during the period. Finally, NewEdge Advisors LLC raised its stake in NYLI MacKay Shields Municipal Intermediate ETF by 108.2% in the 2nd quarter. NewEdge Advisors LLC now owns 18,920 shares of the company’s stock valued at $451,000 after acquiring an additional 9,833 shares during the period.

NYLI MacKay Shields Municipal Intermediate ETF Stock Down 0.0%

NYSEARCA MMIT opened at $23.72 on Thursday. NYLI MacKay Shields Municipal Intermediate ETF has a 52 week low of $23.67 and a 52 week high of $24.77. The firm’s 50-day simple moving average is $24.11 and its two-hundred day simple moving average is $24.27.

About NYLI MacKay Shields Municipal Intermediate ETF

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.