Diversified Portfolios Inc. Makes New Investment in NYLI MacKay Shields Municipal Intermediate ETF $MMIT

Diversified Portfolios Inc. purchased a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) in the fourth quarter, Holdings Channel.com reports. The firm purchased 74,424 shares of the company’s stock, valued at approximately $1,811,000.

A number of other institutional investors also recently bought and sold shares of MMIT. Mariner LLC lifted its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 1,689.0% during the 3rd quarter. Mariner LLC now owns 1,181,175 shares of the company’s stock worth $28,703,000 after buying an additional 1,115,151 shares during the last quarter. Midwest Trust Co lifted its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 96.5% during the 4th quarter. Midwest Trust Co now owns 1,277,827 shares of the company’s stock worth $31,090,000 after buying an additional 627,505 shares during the last quarter. Bank of America Corp DE lifted its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 10.3% during the 3rd quarter. Bank of America Corp DE now owns 5,013,103 shares of the company’s stock worth $121,818,000 after buying an additional 469,447 shares during the last quarter. Schneider Downs Wealth Management Advisors LP lifted its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 22.0% during the 3rd quarter. Schneider Downs Wealth Management Advisors LP now owns 2,242,166 shares of the company’s stock worth $54,485,000 after buying an additional 403,900 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 128.9% during the 1st 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.

NYLI MacKay Shields Municipal Intermediate ETF Price Performance

Shares of NYSEARCA MMIT opened at $24.14 on Tuesday. The business has a 50-day moving average of $24.26 and a two-hundred day moving average of $24.39. NYLI MacKay Shields Municipal Intermediate ETF has a 1 year low of $23.59 and a 1 year high of $24.77.

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.