Stronghold Wealth Management L.L.C. acquired a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 24,369 shares of the company’s stock, valued at approximately $593,000. NYLI MacKay Shields Municipal Intermediate ETF comprises 0.9% of Stronghold Wealth Management L.L.C.’s investment portfolio, making the stock its 28th largest holding.
Other institutional investors also recently bought and sold shares of the company. CWM LLC purchased a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF in the 4th quarter valued at approximately $26,000. BOKF NA purchased a new position in NYLI MacKay Shields Municipal Intermediate ETF in the third quarter worth approximately $53,000. Rossby Financial LCC acquired a new stake in NYLI MacKay Shields Municipal Intermediate ETF during the third quarter worth $95,000. Northwestern Mutual Wealth Management Co. increased its stake in NYLI MacKay Shields Municipal Intermediate ETF by 16.8% during 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 during the last quarter. Finally, United Community Bank purchased a new stake in NYLI MacKay Shields Municipal Intermediate ETF in the third quarter valued at $116,000.
NYLI MacKay Shields Municipal Intermediate ETF Stock Performance
NYSEARCA MMIT opened at $24.15 on Monday. The stock has a fifty day simple moving average of $24.30 and a 200-day simple moving average of $24.40. NYLI MacKay Shields Municipal Intermediate ETF has a twelve month low of $23.59 and a twelve month high of $24.77.
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.
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