Vicus Capital Boosts Stock Position in NYLI MacKay Shields Municipal Intermediate ETF $MMIT

Vicus Capital boosted its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 14.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 352,200 shares of the company’s stock after buying an additional 43,331 shares during the period. Vicus Capital’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $8,558,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MMIT. Northwestern Mutual Wealth Management Co. boosted its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 16.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,056 shares of the company’s stock worth $97,000 after acquiring an additional 584 shares in the last quarter. Assetmark Inc. increased its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 81.7% during the second quarter. Assetmark Inc. now owns 4,185 shares of the company’s stock valued at $100,000 after acquiring an additional 1,882 shares in the last quarter. Daymark Wealth Partners LLC purchased a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF in the 2nd quarter worth about $249,000. AE Wealth Management LLC raised its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 13.8% in the 2nd quarter. AE Wealth Management LLC now owns 10,917 shares of the company’s stock worth $260,000 after purchasing an additional 1,320 shares during the last quarter. Finally, Lokken Investment Group LLC boosted its stake in NYLI MacKay Shields Municipal Intermediate ETF by 52.2% in the 2nd quarter. Lokken Investment Group LLC now owns 15,410 shares of the company’s stock worth $368,000 after purchasing an additional 5,283 shares in the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Price Performance

Shares of MMIT stock opened at $24.46 on Monday. NYLI MacKay Shields Municipal Intermediate ETF has a one year low of $22.99 and a one year high of $24.50. The company’s 50-day moving average is $24.35 and its 200 day moving average is $24.14.

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. MMIT was launched on Oct 18, 2017 and is managed by IndexIQ.