Shares of NYLIM MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Get Free Report) saw unusually-strong trading volume on Monday. 880,232 shares were traded during mid-day trading, an increase of 92% from the previous session’s volume of 457,818 shares. The stock last traded at $23.29 and had previously closed at $23.29.
NYLIM MacKay Shields Municipal Intermediate ETF Price Performance
The firm’s fifty day moving average price is $23.47 and its 200 day moving average price is $23.97.
Hedge Funds Weigh In On NYLIM MacKay Shields Municipal Intermediate ETF
Several institutional investors have recently bought and sold shares of MMIT. Concurrent Investment Advisors LLC purchased a new position in NYLIM MacKay Shields Municipal Intermediate ETF in the second quarter valued at about $8,719,000. Rockefeller Capital Management L.P. raised its holdings in NYLIM MacKay Shields Municipal Intermediate ETF by 105.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 172,365 shares of the company’s stock worth $4,194,000 after purchasing an additional 88,295 shares in the last quarter. Waverly Advisors LLC purchased a new stake in shares of NYLIM MacKay Shields Municipal Intermediate ETF during the second quarter valued at about $13,967,000. Clear Trail Advisors LLC purchased a new stake in shares of NYLIM MacKay Shields Municipal Intermediate ETF during the first quarter valued at about $4,785,000. Finally, NewEdge Wealth LLC purchased a new stake in shares of NYLIM MacKay Shields Municipal Intermediate ETF during the first quarter valued at about $1,054,000.
About NYLIM 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.
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