Legacy Financial Strategies LLC Buys 20,644 Shares of NYLI MacKay Shields Municipal Intermediate ETF $MMIT

Legacy Financial Strategies LLC lifted its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 26.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 98,458 shares of the company’s stock after buying an additional 20,644 shares during the quarter. Legacy Financial Strategies LLC’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $2,393,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Titleist Asset Management LLC raised its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 1.2% in the 2nd quarter. Titleist Asset Management LLC now owns 36,209 shares of the company’s stock valued at $864,000 after acquiring an additional 433 shares during the period. J.W. Cole Advisors Inc. grew its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 2.8% in the third quarter. J.W. Cole Advisors Inc. now owns 15,991 shares of the company’s stock valued at $389,000 after purchasing an additional 433 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake 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 worth $97,000 after purchasing an additional 584 shares during the period. NewSquare Capital LLC lifted its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 2.8% during the 2nd quarter. NewSquare Capital LLC now owns 23,574 shares of the company’s stock worth $562,000 after purchasing an additional 636 shares during the last quarter. Finally, AE Wealth Management LLC lifted its holdings in 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.

NYLI MacKay Shields Municipal Intermediate ETF Stock Down 0.0%

Shares of NYSEARCA MMIT opened at $24.57 on Monday. The stock’s fifty day moving average price is $24.41 and its two-hundred day moving average price is $24.25. NYLI MacKay Shields Municipal Intermediate ETF has a one year low of $22.99 and a one year high of $24.59.

NYLI MacKay Shields Municipal Intermediate ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, February 3rd. Investors of record on Friday, January 30th were paid a $0.0733 dividend. The ex-dividend date was Friday, January 30th. This represents a c) annualized dividend and a dividend 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.