KFG Wealth Management LLC Buys Shares of 25,577 NYLI MacKay Shields Municipal Intermediate ETF $MMIT

KFG Wealth Management LLC bought a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) during the 2nd quarter, HoldingsChannel reports. The firm bought 25,577 shares of the company’s stock, valued at approximately $623,000.

A number of other large investors have also recently made changes to their positions in MMIT. Northwestern Mutual Wealth Management Co. grew its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 16.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,056 shares of the company’s stock valued at $97,000 after purchasing an additional 584 shares in the last quarter. Stronghold Wealth Management L.L.C. raised its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 3.4% during the 1st quarter. Stronghold Wealth Management L.L.C. now owns 25,201 shares of the company’s stock valued at $607,000 after purchasing an additional 832 shares during the period. 46 Peaks LLC lifted its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 0.6% during the 1st quarter. 46 Peaks LLC now owns 183,500 shares of the company’s stock worth $4,423,000 after purchasing an additional 1,018 shares in the last quarter. CWM LLC purchased a new stake in NYLI MacKay Shields Municipal Intermediate ETF during the 4th quarter worth about $26,000. Finally, Axxcess Wealth Management LLC boosted its stake in NYLI MacKay Shields Municipal Intermediate ETF by 2.6% in the 4th quarter. Axxcess Wealth Management LLC now owns 43,206 shares of the company’s stock worth $1,051,000 after purchasing an additional 1,103 shares during the period.

NYLI MacKay Shields Municipal Intermediate ETF Stock Down 0.0%

MMIT stock opened at $23.72 on Thursday. NYLI MacKay Shields Municipal Intermediate ETF has a twelve month low of $23.67 and a twelve month high of $24.77. The stock has a 50-day simple moving average of $24.11 and a two-hundred day simple moving average of $24.27.

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.