NYLI MacKay Shields Municipal Intermediate ETF $MMIT Shares Bought by Smallwood Wealth Investment Management LLC

Smallwood Wealth Investment Management LLC raised its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 21.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 132,825 shares of the company’s stock after buying an additional 23,021 shares during the period. NYLI MacKay Shields Municipal Intermediate ETF comprises about 1.6% of Smallwood Wealth Investment Management LLC’s portfolio, making the stock its 12th largest holding. Smallwood Wealth Investment Management LLC owned 0.27% of NYLI MacKay Shields Municipal Intermediate ETF worth $3,228,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Orgel Wealth Management LLC acquired a new stake in NYLI MacKay Shields Municipal Intermediate ETF during the second quarter worth about $140,935,000. Midwest Trust Co acquired a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF during the 2nd quarter worth approximately $13,869,000. Condor Capital Management acquired a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF during the 2nd quarter worth approximately $11,012,000. Bank of America Corp DE increased its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 9.7% during the 2nd quarter. Bank of America Corp DE now owns 4,543,656 shares of the company’s stock valued at $108,366,000 after purchasing an additional 402,061 shares in the last quarter. Finally, Invenio Wealth Partners LLC acquired a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF in the 2nd quarter valued at $7,164,000.

NYLI MacKay Shields Municipal Intermediate ETF Stock Performance

MMIT stock opened at $24.38 on Friday. The firm’s fifty day moving average is $24.36 and its 200 day moving average is $24.10. NYLI MacKay Shields Municipal Intermediate ETF has a one year low of $22.99 and a one year 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. MMIT was launched on Oct 18, 2017 and is managed by IndexIQ.