GGM Financials LLC Grows Stock Holdings in NYLI MacKay Shields Municipal Intermediate ETF $MMIT

GGM Financials LLC boosted its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 244.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 113,950 shares of the company’s stock after purchasing an additional 80,895 shares during the quarter. GGM Financials LLC owned about 0.26% of NYLI MacKay Shields Municipal Intermediate ETF worth $2,718,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of MMIT. Smallwood Wealth Investment Management LLC raised its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 14.2% in the first quarter. Smallwood Wealth Investment Management LLC now owns 98,313 shares of the company’s stock valued at $2,357,000 after acquiring an additional 12,262 shares during the period. Clear Creek Financial Management LLC purchased a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF in the first quarter valued at $347,000. DAVENPORT & Co LLC purchased a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF in the first quarter valued at $402,000. Avantax Planning Partners Inc. raised its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 0.4% in the first quarter. Avantax Planning Partners Inc. now owns 692,332 shares of the company’s stock valued at $16,595,000 after acquiring an additional 3,021 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 5.5% in the first quarter. Envestnet Asset Management Inc. now owns 543,331 shares of the company’s stock valued at $13,024,000 after acquiring an additional 28,199 shares during the period.

NYLI MacKay Shields Municipal Intermediate ETF Price Performance

Shares of MMIT opened at $24.44 on Tuesday. NYLI MacKay Shields Municipal Intermediate ETF has a twelve month low of $22.99 and a twelve month high of $24.52. The company’s fifty day simple moving average is $24.18 and its 200-day simple moving average is $23.90.

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.