Stronghold Wealth Management L.L.C. bought a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Free Report) during the fourth quarter, HoldingsChannel.com reports. The firm bought 24,369 shares of the company’s stock, valued at approximately $593,000. NYLI MacKay Shields Municipal Intermediate ETF makes up approximately 0.9% of Stronghold Wealth Management L.L.C.’s holdings, making the stock its 28th largest holding.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. TD Private Client Wealth LLC purchased a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF during the fourth quarter worth $595,000. Elyxium Wealth LLC raised its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 68.1% in the fourth quarter. Elyxium Wealth LLC now owns 227,244 shares of the company’s stock valued at $5,529,000 after acquiring an additional 92,064 shares in the last quarter. Landmark Wealth Management LLC boosted its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 5.0% in the fourth quarter. Landmark Wealth Management LLC now owns 64,213 shares of the company’s stock valued at $1,562,000 after purchasing an additional 3,032 shares during the period. GGM Financials LLC boosted its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 9.5% in the fourth quarter. GGM Financials LLC now owns 214,131 shares of the company’s stock valued at $5,210,000 after purchasing an additional 18,532 shares during the period. Finally, Frontier Asset Management LLC grew its stake in NYLI MacKay Shields Municipal Intermediate ETF by 3.1% during the 4th quarter. Frontier Asset Management LLC now owns 45,896 shares of the company’s stock worth $1,117,000 after purchasing an additional 1,381 shares in the last quarter.
NYLI MacKay Shields Municipal Intermediate ETF Stock Performance
Shares of NYSEARCA MMIT opened at $24.15 on Monday. The stock’s 50-day moving average is $24.30 and its two-hundred day moving average is $24.40. NYLI MacKay Shields Municipal Intermediate ETF has a 1-year low of $23.59 and a 1-year high of $24.77.
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.
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Want to see what other hedge funds are holding MMIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Free Report).
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