Spire Wealth Management Takes Position in NYLI MacKay Shields Municipal Intermediate ETF $MMIT

Spire Wealth Management acquired a new position in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 60,459 shares of the company’s stock, valued at approximately $1,471,000. Spire Wealth Management owned 0.11% of NYLI MacKay Shields Municipal Intermediate ETF as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MMIT. BOKF NA purchased a new position in NYLI MacKay Shields Municipal Intermediate ETF in the 3rd quarter worth approximately $53,000. Rossby Financial LCC purchased a new stake in NYLI MacKay Shields Municipal Intermediate ETF during the 3rd quarter valued at approximately $95,000. Northwestern Mutual Wealth Management Co. raised its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 16.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,056 shares of the company’s stock valued at $97,000 after buying an additional 584 shares during the last quarter. United Community Bank bought a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF during the third quarter valued at approximately $116,000. Finally, Assetmark Inc. raised its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 17.9% during the third quarter. Assetmark Inc. now owns 4,936 shares of the company’s stock valued at $120,000 after buying an additional 751 shares during the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Price Performance

MMIT stock opened at $24.13 on Tuesday. The company’s fifty day moving average price is $24.49 and its 200-day moving average price is $24.40. NYLI MacKay Shields Municipal Intermediate ETF has a one year low of $22.99 and a one year high of $24.77.

NYLI MacKay Shields Municipal Intermediate ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Friday, February 27th were paid a $0.0668 dividend. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a yield of 3.3%.

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.