Avior Wealth Management LLC lifted its stake in NYLIM MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Free Report) by 100.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 744,372 shares of the company’s stock after purchasing an additional 372,250 shares during the period. Avior Wealth Management LLC’s holdings in NYLIM MacKay Shields Municipal Intermediate ETF were worth $17,031,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. purchased a new position in NYLIM MacKay Shields Municipal Intermediate ETF in the 1st quarter worth about $162,000. Western Wealth Management LLC purchased a new stake in NYLIM MacKay Shields Municipal Intermediate ETF in the 1st quarter valued at about $180,000. Gateway Wealth Partners LLC purchased a new stake in NYLIM MacKay Shields Municipal Intermediate ETF in the 1st quarter valued at about $227,000. Fluent Financial LLC purchased a new stake in NYLIM MacKay Shields Municipal Intermediate ETF in the 2nd quarter valued at about $251,000. Finally, NewEdge Advisors LLC grew its stake in NYLIM MacKay Shields Municipal Intermediate ETF by 24.2% in the 2nd quarter. NewEdge Advisors LLC now owns 11,699 shares of the company’s stock worth $285,000 after acquiring an additional 2,281 shares in the last quarter.
NYLIM MacKay Shields Municipal Intermediate ETF Stock Performance
Shares of MMIT stock opened at $23.04 on Tuesday. The company’s 50-day simple moving average is $23.57 and its two-hundred day simple moving average is $24.01. NYLIM MacKay Shields Municipal Intermediate ETF has a one year low of $22.77 and a one year high of $24.77.
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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