Shares of NYLIM MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Get Free Report) saw an uptick in trading volume on Monday. 880,232 shares changed hands during trading, an increase of 92% from the previous session’s volume of 457,818 shares. The stock last traded at $23.29 and had previously closed at $23.29.
NYLIM MacKay Shields Municipal Intermediate ETF Price Performance
The company’s 50-day moving average is $23.50 and its two-hundred day moving average is $23.99.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the business. Meeder Advisory Services Inc. lifted its position in NYLIM MacKay Shields Municipal Intermediate ETF by 30.3% in the first quarter. Meeder Advisory Services Inc. now owns 2,944,732 shares of the company’s stock valued at $70,983,000 after purchasing an additional 683,938 shares during the last quarter. Waverly Advisors LLC purchased a new stake in NYLIM MacKay Shields Municipal Intermediate ETF in the second quarter worth about $13,967,000. Bank of America Corp DE boosted its position in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 8.2% during the first quarter. Bank of America Corp DE now owns 6,215,015 shares of the company’s stock valued at $149,813,000 after purchasing an additional 471,765 shares in the last quarter. Avior Wealth Management LLC grew its position in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 100.0% in the 3rd quarter. Avior Wealth Management LLC now owns 744,372 shares of the company’s stock worth $17,031,000 after buying an additional 372,250 shares during the period. Finally, Concurrent Investment Advisors LLC bought a new position in shares of NYLIM MacKay Shields Municipal Intermediate ETF during the second quarter valued at approximately $8,719,000.
About NYLIM 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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