NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) Reaches New 1-Year Low – Here’s What Happened

Shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $23.77 and last traded at $23.77, with a volume of 60402 shares changing hands. The stock had previously closed at $23.84.

NYLI MacKay Shields Municipal Intermediate ETF Trading Down 0.6%

The business’s fifty day moving average price is $24.13 and its 200 day moving average price is $24.28.

Institutional Trading of NYLI MacKay Shields Municipal Intermediate ETF

Institutional investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. raised its position in NYLI MacKay Shields Municipal Intermediate ETF by 105.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 172,365 shares of the company’s stock valued at $4,194,000 after purchasing an additional 88,295 shares during the last quarter. UBS Group AG boosted its stake in NYLI MacKay Shields Municipal Intermediate ETF by 7.2% in the fourth quarter. UBS Group AG now owns 1,697,344 shares of the company’s stock valued at $41,296,000 after acquiring an additional 113,582 shares during the last quarter. NewEdge Wealth LLC bought a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF during the 1st quarter valued at $1,054,000. Elyxium Wealth LLC lifted its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 68.1% in the 4th quarter. Elyxium Wealth LLC now owns 227,244 shares of the company’s stock valued at $5,529,000 after purchasing an additional 92,064 shares during the period. Finally, Clear Trail Advisors LLC acquired a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF in the 1st quarter valued at $4,785,000.

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.