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

Smallwood Wealth Investment Management LLC grew its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 21.0% during the 3rd quarter, HoldingsChannel reports. The firm 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 approximately 1.6% of Smallwood Wealth Investment Management LLC’s holdings, making the stock its 12th biggest position. Smallwood Wealth Investment Management LLC’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $3,228,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF in the first quarter valued at about $83,000. Assetmark Inc. raised its holdings 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 acquiring 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 worth approximately $249,000. AE Wealth Management LLC boosted its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 13.8% during the 2nd quarter. AE Wealth Management LLC now owns 10,917 shares of the company’s stock worth $260,000 after purchasing an additional 1,320 shares during the last quarter. Finally, Synovus Financial Corp boosted its holdings 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 Stock Performance

MMIT stock opened at $24.38 on Friday. NYLI MacKay Shields Municipal Intermediate ETF has a 1 year low of $22.99 and a 1 year high of $24.50. The business has a 50 day simple moving average of $24.36 and a 200-day simple moving average of $24.10.

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.