Fifth Third Bancorp acquired a new stake in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Free Report) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 45,578 shares of the company’s stock, valued at approximately $1,099,000.
Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC acquired a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF during the fourth quarter worth $26,000. CIBC Private Wealth Group LLC bought a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF in the 4th quarter valued at $27,000. BOKF NA acquired a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF during the 3rd quarter valued at $53,000. Root Financial Partners LLC acquired a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF during the 4th quarter valued at $83,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in NYLI MacKay Shields Municipal Intermediate ETF by 16.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,056 shares of the company’s stock worth $97,000 after acquiring an additional 584 shares during the last quarter.
NYLI MacKay Shields Municipal Intermediate ETF Stock Performance
Shares of MMIT stock opened at $23.96 on Friday. NYLI MacKay Shields Municipal Intermediate ETF has a twelve month low of $23.70 and a twelve month high of $24.77. The stock’s fifty day simple moving average is $24.27 and its 200 day simple moving average is $24.37.
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.
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Want to see what other hedge funds are holding MMIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Free Report).
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