New York Life Investment Management LLC Acquires 656,468 Shares of NYLI MacKay High Income ETF $IQHI

New York Life Investment Management LLC increased its holdings in shares of NYLI MacKay High Income ETF (NYSEARCA:IQHI) by 30.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,812,841 shares of the company’s stock after acquiring an additional 656,468 shares during the period. NYLI MacKay High Income ETF comprises about 0.7% of New York Life Investment Management LLC’s investment portfolio, making the stock its 24th biggest position. New York Life Investment Management LLC owned 96.99% of NYLI MacKay High Income ETF worth $74,850,000 at the end of the most recent quarter.

NYLI MacKay High Income ETF Stock Performance

Shares of IQHI opened at $26.25 on Monday. NYLI MacKay High Income ETF has a 12 month low of $24.78 and a 12 month high of $27.40. The company has a 50-day moving average price of $26.32 and a two-hundred day moving average price of $26.39.

NYLI MacKay High Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, February 3rd. Stockholders of record on Friday, January 30th were issued a $0.1259 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%.

About NYLI MacKay High Income ETF

The IQ MacKay ESG High Income ETF (IQHI) is an exchange-traded fund that is based on the Bloomberg VLI High Yield index. The fund is an actively managed fund that provides broad exposure to high-yield corporate bonds of various maturities from around the world that meet environmental, social, and corporate governance criteria. IQHI was launched on Oct 25, 2022 and is managed by IndexIQ.