NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) Sees Large Volume Increase – Here’s What Happened

NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) saw unusually-high trading volume on Friday . Approximately 425,249 shares traded hands during trading, an increase of 195% from the previous session’s volume of 144,123 shares.The stock last traded at $23.28 and had previously closed at $23.54.

NYLI MacKay Shields Municipal Intermediate ETF Stock Down 0.7 %

The business has a 50 day simple moving average of $24.06 and a 200-day simple moving average of $24.18.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Coppell Advisory Solutions LLC purchased a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF in the 4th quarter valued at approximately $62,000. NewEdge Advisors LLC raised its position in NYLI MacKay Shields Municipal Intermediate ETF by 6.1% in the fourth quarter. NewEdge Advisors LLC now owns 9,453 shares of the company’s stock valued at $227,000 after purchasing an additional 542 shares during the period. GTS Securities LLC acquired a new position in NYLI MacKay Shields Municipal Intermediate ETF during the fourth quarter worth $270,000. WCG Wealth Advisors LLC purchased a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF during the fourth quarter worth $287,000. Finally, Bill Few Associates Inc. acquired a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF in the fourth quarter valued at $315,000.

NYLI 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.