NYLIM MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Get Free Report) shares saw unusually-high trading volume on Tuesday. 957,373 shares traded hands during mid-day trading, an increase of 98% from the average daily volume of 484,420 shares. The stock last traded at $23.66 and had previously closed at $23.62.
NYLIM MacKay Shields Municipal Intermediate ETF Stock Performance
The business’s 50-day simple moving average is $23.43 and its two-hundred day simple moving average is $24.11.
Institutional Trading of NYLIM MacKay Shields Municipal Intermediate ETF
Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its stake in NYLIM MacKay Shields Municipal Intermediate ETF by 8.2% during the 1st quarter. Bank of America Corp DE now owns 6,215,015 shares of the company’s stock worth $149,813,000 after acquiring an additional 471,765 shares in the last quarter. Meeder Advisory Services Inc. boosted its stake in shares of 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 period. Cetera Investment Advisers grew its holdings in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 5.5% in the first quarter. Cetera Investment Advisers now owns 2,053,468 shares of the company’s stock valued at $49,499,000 after purchasing an additional 107,132 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 10.2% in the second quarter. Envestnet Asset Management Inc. now owns 983,337 shares of the company’s stock valued at $23,944,000 after purchasing an additional 91,392 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 23.9% in the first quarter. Royal Bank of Canada now owns 712,696 shares of the company’s stock valued at $17,180,000 after purchasing an additional 137,591 shares in the last quarter.
NYLIM 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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