NYLIM MacKay Shields Municipal Intermediate ETF $MMIT Stock: IAG Wealth Partners LLC Lowers Stake

IAG Wealth Partners LLC lessened its stake in shares of NYLIM MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,912,815 shares of the company’s stock after selling 54,281 shares during the quarter. NYLIM MacKay Shields Municipal Intermediate ETF makes up approximately 4.1% of IAG Wealth Partners LLC’s portfolio, making the stock its 5th biggest position. IAG Wealth Partners LLC owned 2.75% of NYLIM MacKay Shields Municipal Intermediate ETF worth $43,765,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp raised its holdings in NYLIM MacKay Shields Municipal Intermediate ETF by 4.1% during the 3rd quarter. Fifth Third Bancorp now owns 48,716 shares of the company’s stock valued at $1,115,000 after buying an additional 1,911 shares during the last quarter. Acorn Creek Capital LLC purchased a new stake in NYLIM MacKay Shields Municipal Intermediate ETF during the 3rd quarter valued at $548,000. Cornerstone Wealth Management LLC bought a new stake in NYLIM MacKay Shields Municipal Intermediate ETF in the 3rd quarter worth $236,000. BCS Wealth Management grew its holdings in NYLIM MacKay Shields Municipal Intermediate ETF by 2.7% in the 3rd quarter. BCS Wealth Management now owns 26,430 shares of the company’s stock worth $605,000 after acquiring an additional 693 shares during the last quarter. Finally, Smallwood Wealth Investment Management LLC grew its holdings in NYLIM MacKay Shields Municipal Intermediate ETF by 13.3% in the 3rd quarter. Smallwood Wealth Investment Management LLC now owns 206,684 shares of the company’s stock worth $4,729,000 after acquiring an additional 24,318 shares during the last quarter.

NYLIM MacKay Shields Municipal Intermediate ETF Stock Performance

MMIT stock opened at $23.76 on Friday. The firm’s 50-day moving average price is $23.39 and its two-hundred day moving average price is $24.06. NYLIM MacKay Shields Municipal Intermediate ETF has a 12-month low of $22.77 and a 12-month high of $24.77.

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.