CFO4Life Group LLC Purchases 62,196 Shares of NYLI MacKay Shields Municipal Intermediate ETF $MMIT

CFO4Life Group LLC raised its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 15.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 473,236 shares of the company’s stock after acquiring an additional 62,196 shares during the quarter. NYLI MacKay Shields Municipal Intermediate ETF comprises approximately 1.7% of CFO4Life Group LLC’s holdings, making the stock its 14th biggest position. CFO4Life Group LLC’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $11,500,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of MMIT. Midwest Trust Co bought a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF in the second quarter valued at approximately $13,869,000. Condor Capital Management purchased a new position in NYLI MacKay Shields Municipal Intermediate ETF in the 2nd quarter valued at approximately $11,012,000. Bank of America Corp DE raised its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 9.7% during the 2nd quarter. Bank of America Corp DE now owns 4,543,656 shares of the company’s stock valued at $108,366,000 after acquiring an additional 402,061 shares during the period. Hudock Inc. purchased a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF during the third quarter worth $7,978,000. Finally, Invenio Wealth Partners LLC purchased a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF during the second quarter worth $7,164,000.

NYLI MacKay Shields Municipal Intermediate ETF Trading Up 0.0%

Shares of NYSEARCA MMIT opened at $24.69 on Thursday. NYLI MacKay Shields Municipal Intermediate ETF has a fifty-two week low of $22.99 and a fifty-two week high of $24.70. The stock has a fifty day moving average of $24.46 and a 200-day moving average of $24.29.

NYLI MacKay Shields Municipal Intermediate ETF Cuts Dividend

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

About NYLI MacKay Shields Municipal Intermediate ETF

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.