NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Get Free Report) saw strong trading volume on Friday . Approximately 1,358,338 shares were traded during trading, an increase of 310% from the previous session’s volume of 331,403 shares.The stock last traded at $24.08 and had previously closed at $24.10.
NYLI MacKay Shields Municipal Intermediate ETF Price Performance
The company’s 50-day simple moving average is $24.22 and its 200 day simple moving average is $24.32.
Institutional Trading of NYLI MacKay Shields Municipal Intermediate ETF
Several hedge funds have recently modified their holdings of the stock. CWM LLC acquired a new position in NYLI MacKay Shields Municipal Intermediate ETF during the 4th quarter worth $26,000. CIBC Private Wealth Group LLC acquired a new stake in NYLI MacKay Shields Municipal Intermediate ETF in the 4th quarter valued at about $27,000. BOKF NA purchased a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF in the 3rd quarter valued at about $53,000. Root Financial Partners LLC purchased a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF in the 4th quarter valued at about $83,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 16.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,056 shares of the company’s stock worth $97,000 after buying an additional 584 shares in the last quarter.
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.
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