Flow Traders U.S. LLC Buys New Stake in NYLI MacKay Shields Municipal Intermediate ETF $MMIT

Flow Traders U.S. LLC purchased a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 28,129 shares of the company’s stock, valued at approximately $671,000.

A number of other institutional investors also recently made changes to their positions in MMIT. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF during the first quarter valued at $83,000. Assetmark Inc. raised its stake in NYLI MacKay Shields Municipal Intermediate ETF by 81.7% in the 2nd quarter. Assetmark Inc. now owns 4,185 shares of the company’s stock valued at $100,000 after purchasing an additional 1,882 shares during the last quarter. Daymark Wealth Partners LLC purchased a new position in NYLI MacKay Shields Municipal Intermediate ETF in the 2nd quarter valued at about $249,000. AE Wealth Management LLC lifted its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 13.8% in the 2nd quarter. AE Wealth Management LLC now owns 10,917 shares of the company’s stock valued at $260,000 after purchasing an additional 1,320 shares in the last quarter. Finally, Synovus Financial Corp boosted its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 11.1% during the 1st quarter. Synovus Financial Corp now owns 11,095 shares of the company’s stock worth $266,000 after purchasing an additional 1,110 shares during the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Trading Up 0.1%

Shares of NYSEARCA MMIT opened at $24.32 on Thursday. The company has a 50-day simple moving average of $24.34 and a 200-day simple moving average of $24.05. NYLI MacKay Shields Municipal Intermediate ETF has a 12 month low of $22.99 and a 12 month high of $24.50.

NYLI 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.