Envestnet Asset Management Inc. Has $16.29 Million Stake in NYLI MacKay Shields Municipal Intermediate ETF $MMIT

Envestnet Asset Management Inc. boosted its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 13.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 670,295 shares of the company’s stock after buying an additional 81,096 shares during the period. Envestnet Asset Management Inc. owned approximately 1.36% of NYLI MacKay Shields Municipal Intermediate ETF worth $16,288,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. boosted its position 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 valued at $97,000 after purchasing an additional 584 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 81.7% during the 2nd quarter. Assetmark Inc. now owns 4,185 shares of the company’s stock valued at $100,000 after buying an additional 1,882 shares during the last quarter. United Community Bank acquired a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF during the 3rd quarter valued at about $116,000. Daymark Wealth Partners LLC bought a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF in the 2nd quarter valued at approximately $249,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in NYLI MacKay Shields Municipal Intermediate ETF in the third quarter worth approximately $260,000.

NYLI MacKay Shields Municipal Intermediate ETF Price Performance

NYLI MacKay Shields Municipal Intermediate ETF stock opened at $24.66 on Monday. NYLI MacKay Shields Municipal Intermediate ETF has a one year low of $22.99 and a one year high of $24.69. The company’s fifty day moving average price is $24.44 and its two-hundred day moving average price is $24.28.

NYLI MacKay Shields Municipal Intermediate ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, February 3rd. Stockholders of record on Friday, January 30th were issued a $0.0733 dividend. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Friday, January 30th.

NYLI 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.