GGM Financials LLC Acquires 80,895 Shares of NYLI MacKay Shields Municipal Intermediate ETF $MMIT

GGM Financials LLC boosted its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 244.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,950 shares of the company’s stock after acquiring an additional 80,895 shares during the period. GGM Financials LLC’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $2,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MMIT. Northwestern Mutual Wealth Management Co. bought a new position in NYLI MacKay Shields Municipal Intermediate ETF during the 1st quarter worth about $83,000. AE Wealth Management LLC bought a new position in NYLI MacKay Shields Municipal Intermediate ETF during the 1st quarter worth about $230,000. Synovus Financial Corp boosted its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 11.1% in the 1st quarter. Synovus Financial Corp now owns 11,095 shares of the company’s stock valued at $266,000 after buying an additional 1,110 shares in the last quarter. Vertex Planning Partners LLC boosted its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 8.4% in the 1st quarter. Vertex Planning Partners LLC now owns 11,335 shares of the company’s stock valued at $272,000 after buying an additional 878 shares in the last quarter. Finally, Clear Creek Financial Management LLC bought a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF in the 1st quarter valued at about $347,000.

NYLI MacKay Shields Municipal Intermediate ETF Stock Performance

NYSEARCA:MMIT opened at $24.44 on Tuesday. NYLI MacKay Shields Municipal Intermediate ETF has a fifty-two week low of $22.99 and a fifty-two week high of $24.52. The company’s 50-day simple moving average is $24.18 and its 200-day simple moving average is $23.90.

NYLI 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.