JPMorgan Chase & Co. Decreases Position in NYLI MacKay Shields Municipal Intermediate ETF $MMIT

JPMorgan Chase & Co. trimmed its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 24.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,706 shares of the company’s stock after selling 48,296 shares during the quarter. JPMorgan Chase & Co. owned 0.30% of NYLI MacKay Shields Municipal Intermediate ETF worth $3,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. BOKF NA acquired a new stake in NYLI MacKay Shields Municipal Intermediate ETF in the third quarter worth about $53,000. Rossby Financial LCC acquired a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF during the third quarter valued at about $95,000. Northwestern Mutual Wealth Management Co. raised its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 16.8% in the 2nd 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. United Community Bank acquired a new stake in NYLI MacKay Shields Municipal Intermediate ETF in the 3rd quarter worth approximately $116,000. Finally, Assetmark Inc. boosted its stake in NYLI MacKay Shields Municipal Intermediate ETF by 17.9% in the 3rd quarter. Assetmark Inc. now owns 4,936 shares of the company’s stock worth $120,000 after purchasing an additional 751 shares in the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Price Performance

NYSEARCA:MMIT opened at $24.20 on Friday. NYLI MacKay Shields Municipal Intermediate ETF has a twelve month low of $22.99 and a twelve month high of $24.77. The company’s 50 day moving average is $24.47 and its two-hundred day moving average is $24.39.

NYLI MacKay Shields Municipal Intermediate ETF Cuts Dividend

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

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.