35,540 Shares in NYLI MacKay Shields Municipal Intermediate ETF $MMIT Purchased by Dakota Wealth Management

Dakota Wealth Management purchased a new stake in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 35,540 shares of the company’s stock, valued at approximately $865,000.

Several other large investors have also recently bought and sold shares of MMIT. DAVENPORT & Co LLC lifted its position in NYLI MacKay Shields Municipal Intermediate ETF by 32.9% during the fourth quarter. DAVENPORT & Co LLC now owns 38,164 shares of the company’s stock worth $929,000 after acquiring an additional 9,450 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 104.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 217,309 shares of the company’s stock valued at $5,300,000 after purchasing an additional 110,987 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 9.6% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 455,243 shares of the company’s stock valued at $11,076,000 after purchasing an additional 39,931 shares during the last quarter. Orgel Wealth Management LLC increased its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 3.7% during the fourth quarter. Orgel Wealth Management LLC now owns 6,325,741 shares of the company’s stock worth $153,905,000 after purchasing an additional 222,858 shares during the period. Finally, TruWealth Advisors LLC increased its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 3.6% during the fourth quarter. TruWealth Advisors LLC now owns 518,202 shares of the company’s stock worth $12,608,000 after purchasing an additional 18,094 shares during the period.

NYLI MacKay Shields Municipal Intermediate ETF Price Performance

NYSEARCA:MMIT opened at $24.09 on Monday. The stock has a 50 day simple moving average of $24.50 and a 200 day simple moving average of $24.40. NYLI MacKay Shields Municipal Intermediate ETF has a 1-year low of $22.99 and a 1-year high of $24.77.

NYLI MacKay Shields Municipal Intermediate ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Friday, February 27th were issued a dividend of $0.0668 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%.

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.