Shares of NYLIM MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Get Free Report) saw unusually-high trading volume on Monday. Approximately 880,232 shares changed hands during 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 Trading Down 0.1%
The stock has a fifty day simple moving average of $23.50 and a two-hundred day simple moving average of $23.99.
Hedge Funds Weigh In On NYLIM MacKay Shields Municipal Intermediate ETF
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Pinnacle Bancorp Inc. acquired a new stake in NYLIM MacKay Shields Municipal Intermediate ETF in the 1st quarter valued at $162,000. Western Wealth Management LLC bought a new stake in NYLIM MacKay Shields Municipal Intermediate ETF in the 1st quarter worth about $180,000. Gateway Wealth Partners LLC purchased a new stake in shares of NYLIM MacKay Shields Municipal Intermediate ETF during the first quarter valued at approximately $227,000. Fluent Financial LLC bought a new stake in shares of NYLIM MacKay Shields Municipal Intermediate ETF during the 2nd quarter worth $251,000. Finally, NewEdge Advisors LLC grew its position in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 24.2% during the 2nd quarter. NewEdge Advisors LLC now owns 11,699 shares of the company’s stock valued at $285,000 after acquiring an additional 2,281 shares during the period.
NYLIM MacKay Shields Municipal Intermediate ETF Company 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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