NYLIM MacKay Shields Municipal Intermediate ETF $MMIT Shares Sold by Hudock Inc.

Hudock Inc. reduced its stake in NYLIM MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 24.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 314,151 shares of the company’s stock after selling 99,348 shares during the quarter. NYLIM MacKay Shields Municipal Intermediate ETF accounts for approximately 0.9% of Hudock Inc.’s portfolio, making the stock its 24th biggest position. Hudock Inc.’s holdings in NYLIM MacKay Shields Municipal Intermediate ETF were worth $7,188,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Bank of America Corp DE boosted its holdings in NYLIM MacKay Shields Municipal Intermediate ETF by 8.2% during the 1st quarter. Bank of America Corp DE now owns 6,215,015 shares of the company’s stock worth $149,813,000 after acquiring an additional 471,765 shares during the last quarter. Meeder Advisory Services Inc. grew its stake in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 30.3% in the 1st quarter. Meeder Advisory Services Inc. now owns 2,944,732 shares of the company’s stock worth $70,983,000 after acquiring an additional 683,938 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 5.5% in the 1st quarter. Cetera Investment Advisers now owns 2,053,468 shares of the company’s stock worth $49,499,000 after acquiring an additional 107,132 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 10.2% in the second quarter. Envestnet Asset Management Inc. now owns 983,337 shares of the company’s stock valued at $23,944,000 after purchasing an additional 91,392 shares during the last quarter. Finally, Avior Wealth Management LLC raised its holdings 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 last quarter.

NYLIM MacKay Shields Municipal Intermediate ETF Price Performance

MMIT opened at $23.11 on Thursday. The company’s 50-day moving average is $23.53 and its 200 day moving average is $24.00. NYLIM MacKay Shields Municipal Intermediate ETF has a fifty-two week low of $22.77 and a fifty-two week high of $24.77.

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.