NYLIM MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $23.32 and last traded at $23.34, with a volume of 25272 shares trading hands. The stock had previously closed at $23.34.
NYLIM MacKay Shields Municipal Intermediate ETF Stock Down 0.3%
The company’s fifty day moving average is $23.87 and its 200-day moving average is $24.15.
Institutional Trading of NYLIM MacKay Shields Municipal Intermediate ETF
Hedge funds and other institutional investors have recently modified their holdings of the company. Meeder Advisory Services Inc. lifted its holdings in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 30.3% in the first quarter. Meeder Advisory Services Inc. now owns 2,944,732 shares of the company’s stock worth $70,983,000 after buying an additional 683,938 shares in the last quarter. Waverly Advisors LLC bought a new stake in NYLIM MacKay Shields Municipal Intermediate ETF in the 2nd quarter valued at $13,967,000. Bank of America Corp DE increased its holdings in NYLIM MacKay Shields Municipal Intermediate ETF by 8.2% in the 1st quarter. Bank of America Corp DE now owns 6,215,015 shares of the company’s stock valued at $149,813,000 after acquiring an additional 471,765 shares during the last quarter. Flputnam Investment Management Co. lifted its stake in NYLIM MacKay Shields Municipal Intermediate ETF by 438.1% in the 4th quarter. Flputnam Investment Management Co. now owns 463,899 shares of the company’s stock worth $11,287,000 after purchasing an additional 377,693 shares in the last quarter. Finally, Concurrent Investment Advisors LLC purchased a new stake in NYLIM MacKay Shields Municipal Intermediate ETF in the 2nd quarter worth $8,719,000.
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.
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