Landmark Wealth Management LLC trimmed its stake in shares of NYLIM MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Free Report) by 25.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 67,733 shares of the company’s stock after selling 22,694 shares during the quarter. Landmark Wealth Management LLC’s holdings in NYLIM MacKay Shields Municipal Intermediate ETF were worth $1,550,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Smallwood Wealth Investment Management LLC raised its holdings in NYLIM MacKay Shields Municipal Intermediate ETF by 13.3% during the 3rd quarter. Smallwood Wealth Investment Management LLC now owns 206,684 shares of the company’s stock worth $4,729,000 after buying an additional 24,318 shares during the period. Signature Equity Partners LLC boosted its holdings in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 157.3% in the third quarter. Signature Equity Partners LLC now owns 3,855 shares of the company’s stock worth $88,000 after buying an additional 2,357 shares during the period. Kuhn & Co Investment Counsel increased its position in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 5.0% in the third quarter. Kuhn & Co Investment Counsel now owns 73,540 shares of the company’s stock worth $1,683,000 after acquiring an additional 3,487 shares in the last quarter. Vise Technologies Inc. purchased a new position in shares of NYLIM MacKay Shields Municipal Intermediate ETF in the third quarter worth approximately $263,000. Finally, Lebenthal Global Advisors LLC increased its position in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 29.8% in the third quarter. Lebenthal Global Advisors LLC now owns 861,621 shares of the company’s stock worth $19,714,000 after acquiring an additional 197,807 shares in the last quarter.
NYLIM MacKay Shields Municipal Intermediate ETF Stock Performance
MMIT stock opened at $23.87 on Monday. NYLIM MacKay Shields Municipal Intermediate ETF has a 52-week low of $22.77 and a 52-week high of $24.77. The company’s 50 day simple moving average is $23.38 and its 200-day simple moving average is $24.07.
NYLIM MacKay Shields Municipal Intermediate ETF 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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