Retirement Planning Group LLC Buys New Position in NYLIM MacKay Shields Municipal Intermediate ETF $MMIT

Retirement Planning Group LLC purchased a new stake in NYLIM MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 22,937 shares of the company’s stock, valued at approximately $525,000.

A number of other institutional investors have also recently added to or reduced their stakes in MMIT. Clark Wealth Partners raised its position in NYLIM MacKay Shields Municipal Intermediate ETF by 3.7% during the third quarter. Clark Wealth Partners now owns 109,499 shares of the company’s stock worth $2,513,000 after acquiring an additional 3,868 shares during the period. Stronghold Wealth Management L.L.C. grew its position in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 9.7% in the third quarter. Stronghold Wealth Management L.L.C. now owns 26,363 shares of the company’s stock valued at $603,000 after purchasing an additional 2,339 shares during the period. Avior Wealth Management LLC grew its position in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 100.0% in the third quarter. Avior Wealth Management LLC now owns 744,372 shares of the company’s stock valued at $17,031,000 after purchasing an additional 372,250 shares during the period. RFG Bristol Wealth Advisors LLC grew its position in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 9.8% in the third quarter. RFG Bristol Wealth Advisors LLC now owns 36,139 shares of the company’s stock valued at $827,000 after purchasing an additional 3,237 shares during the period. Finally, Titleist Asset Management LLC grew its position in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 8.2% in the third quarter. Titleist Asset Management LLC now owns 98,857 shares of the company’s stock valued at $2,262,000 after purchasing an additional 7,457 shares during the period.

NYLIM MacKay Shields Municipal Intermediate ETF Price Performance

MMIT stock opened at $23.31 on Thursday. The firm has a 50-day simple moving average of $23.46 and a 200-day simple moving average of $23.97. NYLIM MacKay Shields Municipal Intermediate ETF has a 52 week low of $22.77 and a 52 week high of $24.77.

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.