Dakota Wealth Management Takes $865,000 Position in NYLI MacKay Shields Municipal Intermediate ETF $MMIT

Dakota Wealth Management acquired a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 35,540 shares of the company’s stock, valued at approximately $865,000. Dakota Wealth Management owned about 0.07% of NYLI MacKay Shields Municipal Intermediate ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. BOKF NA acquired a new stake in NYLI MacKay Shields Municipal Intermediate ETF in the 3rd quarter valued at about $53,000. Rossby Financial LCC acquired a new position in NYLI MacKay Shields Municipal Intermediate ETF during the third quarter worth approximately $95,000. Northwestern Mutual Wealth Management Co. raised its stake in NYLI MacKay Shields Municipal Intermediate ETF by 16.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,056 shares of the company’s stock valued at $97,000 after buying an additional 584 shares during the period. United Community Bank bought a new stake in NYLI MacKay Shields Municipal Intermediate ETF in the third quarter valued at approximately $116,000. Finally, Assetmark Inc. lifted its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 17.9% in the third quarter. Assetmark Inc. now owns 4,936 shares of the company’s stock valued at $120,000 after buying an additional 751 shares during the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Stock Performance

Shares of NYSEARCA MMIT opened at $24.09 on Monday. NYLI MacKay Shields Municipal Intermediate ETF has a 12 month low of $22.99 and a 12 month high of $24.77. The stock has a 50 day moving average of $24.50 and a 200-day moving average of $24.40.

NYLI MacKay Shields Municipal Intermediate ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Friday, February 27th were given a dividend of $0.0668 per share. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Friday, February 27th.

About NYLI 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.