Smallwood Wealth Investment Management LLC boosted its holdings in shares of NYLIM MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Free Report) by 13.3% during the third quarter, Holdings Channel.com reports. The firm owned 206,684 shares of the company’s stock after acquiring an additional 24,318 shares during the period. NYLIM MacKay Shields Municipal Intermediate ETF accounts for about 2.0% of Smallwood Wealth Investment Management LLC’s portfolio, making the stock its 10th largest position. Smallwood Wealth Investment Management LLC’s holdings in NYLIM MacKay Shields Municipal Intermediate ETF were worth $4,729,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of MMIT. Concurrent Investment Advisors LLC bought a new position in NYLIM MacKay Shields Municipal Intermediate ETF during the second quarter valued at $8,719,000. Waverly Advisors LLC purchased a new position in shares of NYLIM MacKay Shields Municipal Intermediate ETF in the 2nd quarter worth $13,967,000. NewEdge Wealth LLC bought a new stake in shares of NYLIM MacKay Shields Municipal Intermediate ETF in the 1st quarter worth about $1,054,000. KFG Wealth Management LLC bought a new stake in shares of NYLIM MacKay Shields Municipal Intermediate ETF in the 2nd quarter worth about $623,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of NYLIM MacKay Shields Municipal Intermediate ETF in the 1st quarter worth about $6,516,000.
NYLIM MacKay Shields Municipal Intermediate ETF Stock Performance
Shares of NYSEARCA MMIT opened at $23.78 on Thursday. The firm’s 50-day moving average price is $23.39 and its 200-day moving average price is $24.08. NYLIM MacKay Shields Municipal Intermediate ETF has a 12-month low of $22.77 and a 12-month high of $24.77.
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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Want to see what other hedge funds are holding MMIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NYLIM MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Free Report).
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