NYLIM MacKay Shields Municipal Intermediate ETF $MMIT Stock Bought by Smallwood Wealth Investment Management LLC

Smallwood Wealth Investment Management LLC raised its stake in NYLIM MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 13.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 206,684 shares of the company’s stock after acquiring an additional 24,318 shares during the period. NYLIM MacKay Shields Municipal Intermediate ETF makes up 2.0% of Smallwood Wealth Investment Management LLC’s portfolio, making the stock its 10th largest holding. Smallwood Wealth Investment Management LLC owned approximately 0.30% of NYLIM MacKay Shields Municipal Intermediate ETF worth $4,729,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of MMIT. Concurrent Investment Advisors LLC purchased a new position in shares of NYLIM MacKay Shields Municipal Intermediate ETF during the second quarter valued at about $8,719,000. Waverly Advisors LLC bought a new stake in shares of NYLIM MacKay Shields Municipal Intermediate ETF in the second quarter worth about $13,967,000. KFG Wealth Management LLC bought a new stake in shares of NYLIM MacKay Shields Municipal Intermediate ETF in the second quarter worth about $623,000. NewEdge Wealth LLC bought a new stake in shares of NYLIM MacKay Shields Municipal Intermediate ETF in the first quarter worth about $1,054,000. Finally, Cornerstone Advisors Asset Management LLC lifted its position in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 9.1% in the first quarter. Cornerstone Advisors Asset Management LLC now owns 557,697 shares of the company’s stock worth $13,443,000 after buying an additional 46,343 shares in the last quarter.

NYLIM MacKay Shields Municipal Intermediate ETF Trading Up 0.3%

NYSEARCA:MMIT opened at $23.78 on Thursday. NYLIM MacKay Shields Municipal Intermediate ETF has a 12 month low of $22.77 and a 12 month high of $24.77. The business’s 50-day moving average is $23.39 and its 200 day moving average is $24.08.

NYLIM 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.