Lebenthal Global Advisors LLC Makes New $1.04 Million Investment in NYLI MacKay Shields Municipal Intermediate ETF $MMIT

Lebenthal Global Advisors LLC bought a new stake in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 42,757 shares of the company’s stock, valued at approximately $1,039,000. Lebenthal Global Advisors LLC owned approximately 0.09% of NYLI MacKay Shields Municipal Intermediate ETF at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MMIT. Royal Bank of Canada boosted its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 12.5% during the first quarter. Royal Bank of Canada now owns 97,836 shares of the company’s stock valued at $2,345,000 after purchasing an additional 10,902 shares in the last quarter. Jane Street Group LLC raised its stake in NYLI MacKay Shields Municipal Intermediate ETF by 128.9% during the first quarter. Jane Street Group LLC now owns 437,354 shares of the company’s stock worth $10,483,000 after buying an additional 246,326 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 59.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 23,656 shares of the company’s stock worth $563,000 after acquiring an additional 8,813 shares during the period. Truist Financial Corp grew its stake in NYLI MacKay Shields Municipal Intermediate ETF by 1.0% during the second quarter. Truist Financial Corp now owns 288,933 shares of the company’s stock worth $6,891,000 after purchasing an additional 2,802 shares during the period. Finally, Lokken Investment Group LLC grew its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 52.2% during the 2nd quarter. Lokken Investment Group LLC now owns 15,410 shares of the company’s stock worth $368,000 after buying an additional 5,283 shares during the period.

NYLI MacKay Shields Municipal Intermediate ETF Price Performance

MMIT stock opened at $24.47 on Friday. The company’s 50-day moving average is $24.39 and its 200-day moving average is $24.21. NYLI MacKay Shields Municipal Intermediate ETF has a 1 year low of $22.99 and a 1 year high of $24.57.

NYLI MacKay Shields Municipal Intermediate ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, February 3rd. Investors of record on Friday, January 30th will be given a dividend of $0.0733 per share. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, January 30th.

NYLI MacKay Shields Municipal Intermediate ETF 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.