NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) Sets New 52-Week High – Here’s Why

NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $27.56 and last traded at $24.2850, with a volume of 56714 shares changing hands. The stock had previously closed at $24.34.

NYLI MacKay Shields Municipal Intermediate ETF Stock Down 0.0%

The firm has a 50 day simple moving average of $24.26 and a two-hundred day simple moving average of $23.95.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Alpha Financial Partners LLC bought a new stake in NYLI MacKay Shields Municipal Intermediate ETF in the third quarter valued at approximately $280,000. CFO4Life Group LLC lifted its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 15.1% in the third quarter. CFO4Life Group LLC now owns 473,236 shares of the company’s stock valued at $11,500,000 after purchasing an additional 62,196 shares in the last quarter. Condor Capital Management lifted its stake in NYLI MacKay Shields Municipal Intermediate ETF by 3.4% in the 3rd quarter. Condor Capital Management now owns 477,614 shares of the company’s stock valued at $11,606,000 after acquiring an additional 15,901 shares in the last quarter. Axxcess Wealth Management LLC boosted its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 4.8% during the third quarter. Axxcess Wealth Management LLC now owns 42,103 shares of the company’s stock worth $1,023,000 after purchasing an additional 1,942 shares during the last quarter. Finally, Pallas Capital Advisors LLC boosted its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 0.5% during the 3rd quarter. Pallas Capital Advisors LLC now owns 578,967 shares of the company’s stock worth $14,069,000 after buying an additional 2,936 shares during the last quarter.

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.