NewEdge Wealth LLC Acquires Shares of 43,712 NYLI MacKay Shields Municipal Intermediate ETF $MMIT

NewEdge Wealth LLC bought a new position in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) during the first quarter, Holdings Channel reports. The fund bought 43,712 shares of the company’s stock, valued at approximately $1,054,000.

Several other institutional investors also recently modified their holdings of MMIT. Bank of America Corp DE increased its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 10.3% in the 3rd quarter. Bank of America Corp DE now owns 5,013,103 shares of the company’s stock worth $121,818,000 after acquiring an additional 469,447 shares in the last quarter. Meeder Advisory Services Inc. grew its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 30.3% in the 1st quarter. Meeder Advisory Services Inc. now owns 2,944,732 shares of the company’s stock worth $70,983,000 after buying an additional 683,938 shares during the last quarter. Morgan Stanley grew its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 7.0% in the 4th quarter. Morgan Stanley now owns 2,785,502 shares of the company’s stock worth $67,771,000 after buying an additional 183,188 shares during the last quarter. Schneider Downs Wealth Management Advisors LP increased its position in NYLI MacKay Shields Municipal Intermediate ETF by 22.0% during the 3rd quarter. Schneider Downs Wealth Management Advisors LP now owns 2,242,166 shares of the company’s stock valued at $54,485,000 after buying an additional 403,900 shares in the last quarter. Finally, LPL Financial LLC increased its position in NYLI MacKay Shields Municipal Intermediate ETF by 15.0% during the 4th quarter. LPL Financial LLC now owns 2,046,660 shares of the company’s stock valued at $49,795,000 after buying an additional 267,079 shares in the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Trading Up 0.2%

Shares of NYSEARCA:MMIT opened at $24.01 on Tuesday. The stock has a fifty day simple moving average of $24.27 and a two-hundred day simple moving average of $24.36. NYLI MacKay Shields Municipal Intermediate ETF has a 12-month low of $23.72 and a 12-month high of $24.77.

NYLI MacKay Shields Municipal Intermediate ETF Company 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.