NYLIM MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Get Free Report) shares hit a new 52-week low during trading on Wednesday. The stock traded as low as $22.77 and last traded at $22.84, with a volume of 157066 shares traded. The stock had previously closed at $22.99.
NYLIM MacKay Shields Municipal Intermediate ETF Trading Down 0.4%
The stock’s fifty day moving average price is $23.65 and its 200-day moving average price is $24.05.
Institutional Investors Weigh In On NYLIM MacKay Shields Municipal Intermediate ETF
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Meeder Advisory Services Inc. lifted its position in NYLIM MacKay Shields Municipal Intermediate ETF by 30.3% during the first quarter. Meeder Advisory Services Inc. now owns 2,944,732 shares of the company’s stock worth $70,983,000 after buying an additional 683,938 shares in the last quarter. Waverly Advisors LLC acquired a new position in shares of NYLIM MacKay Shields Municipal Intermediate ETF during the 2nd quarter valued at about $13,967,000. Bank of America Corp DE grew its holdings in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 8.2% in the first quarter. Bank of America Corp DE now owns 6,215,015 shares of the company’s stock valued at $149,813,000 after purchasing an additional 471,765 shares during the period. Concurrent Investment Advisors LLC acquired a new stake in NYLIM MacKay Shields Municipal Intermediate ETF during the second quarter worth about $8,719,000. Finally, Darwin Wealth Management LLC purchased a new position in NYLIM MacKay Shields Municipal Intermediate ETF during the first quarter worth about $6,516,000.
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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