NYLIM MacKay Shields Municipal Intermediate ETF $MMIT Stock Acquired by Lebenthal Global Advisors LLC

Lebenthal Global Advisors LLC increased its position in shares of NYLIM MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 29.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 861,621 shares of the company’s stock after purchasing an additional 197,807 shares during the quarter. NYLIM MacKay Shields Municipal Intermediate ETF makes up approximately 2.6% of Lebenthal Global Advisors LLC’s investment portfolio, making the stock its 10th largest position. Lebenthal Global Advisors LLC’s holdings in NYLIM MacKay Shields Municipal Intermediate ETF were worth $19,714,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MMIT. Western Wealth Management LLC purchased a new position in NYLIM MacKay Shields Municipal Intermediate ETF during the first quarter worth about $180,000. Gateway Wealth Partners LLC acquired a new stake in shares of NYLIM MacKay Shields Municipal Intermediate ETF during the 1st quarter worth approximately $227,000. MBM Wealth Consultants LLC acquired a new stake in shares of NYLIM MacKay Shields Municipal Intermediate ETF during the 3rd quarter worth approximately $227,000. Fluent Financial LLC purchased a new stake in shares of NYLIM MacKay Shields Municipal Intermediate ETF during the 2nd quarter valued at approximately $251,000. Finally, NewEdge Advisors LLC raised its position in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 24.2% during the 2nd quarter. NewEdge Advisors LLC now owns 11,699 shares of the company’s stock valued at $285,000 after buying an additional 2,281 shares during the period.

NYLIM MacKay Shields Municipal Intermediate ETF Stock Up 0.0%

Shares of NYLIM MacKay Shields Municipal Intermediate ETF stock opened at $23.65 on Friday. NYLIM MacKay Shields Municipal Intermediate ETF has a 52 week low of $22.77 and a 52 week high of $24.77. The business’s fifty day simple moving average is $23.41 and its 200-day simple moving average is $24.09.

NYLIM 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.