Midwest Trust Co Purchases 68,833 Shares of NYLI MacKay Shields Municipal Intermediate ETF $MMIT

Midwest Trust Co raised its position in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 11.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 650,322 shares of the company’s stock after buying an additional 68,833 shares during the period. Midwest Trust Co owned 1.32% of NYLI MacKay Shields Municipal Intermediate ETF worth $15,803,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of MMIT. Royal Bank of Canada boosted its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 12.5% in the 1st quarter. Royal Bank of Canada now owns 97,836 shares of the company’s stock worth $2,345,000 after buying an additional 10,902 shares during the last quarter. Jane Street Group LLC increased its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 128.9% in the 1st quarter. Jane Street Group LLC now owns 437,354 shares of the company’s stock worth $10,483,000 after acquiring an additional 246,326 shares during the last quarter. Atria Wealth Solutions Inc. lifted its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 15.8% during the second quarter. Atria Wealth Solutions Inc. now owns 31,248 shares of the company’s stock valued at $745,000 after purchasing an additional 4,265 shares during the last quarter. Axxcess Wealth Management LLC lifted its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 4.1% during the 2nd quarter. Axxcess Wealth Management LLC now owns 40,161 shares of the company’s stock valued at $958,000 after buying an additional 1,582 shares in the last quarter. Finally, Opes Wealth Management LLC grew its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 9.0% in the second quarter. Opes Wealth Management LLC now owns 39,255 shares of the company’s stock valued at $936,000 after purchasing an additional 3,250 shares in the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Trading Up 0.0%

NYSEARCA MMIT opened at $24.61 on Wednesday. The company’s 50 day simple moving average is $24.42 and its two-hundred day simple moving average is $24.26. NYLI MacKay Shields Municipal Intermediate ETF has a 1 year low of $22.99 and a 1 year high of $24.65.

NYLI MacKay Shields Municipal Intermediate ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, February 3rd. Shareholders of record on Friday, January 30th were paid a dividend of $0.0733 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a c) annualized dividend and a yield of 3.6%.

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.