45,578 Shares in NYLI MacKay Shields Municipal Intermediate ETF $MMIT Bought by Fifth Third Bancorp

Fifth Third Bancorp acquired a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 45,578 shares of the company’s stock, valued at approximately $1,099,000. Fifth Third Bancorp owned approximately 0.07% of NYLI MacKay Shields Municipal Intermediate ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada increased its stake in NYLI MacKay Shields Municipal Intermediate ETF by 12.5% in the first quarter. Royal Bank of Canada now owns 97,836 shares of the company’s stock valued at $2,345,000 after acquiring an additional 10,902 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 128.9% in the 1st quarter. Jane Street Group LLC now owns 437,354 shares of the company’s stock valued at $10,483,000 after purchasing an additional 246,326 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 36.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 196,002 shares of the company’s stock valued at $4,675,000 after purchasing an additional 52,003 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake 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. Finally, NewEdge Advisors LLC increased its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 108.2% in the 2nd quarter. NewEdge Advisors LLC now owns 18,920 shares of the company’s stock valued at $451,000 after purchasing an additional 9,833 shares during the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Stock Performance

Shares of MMIT stock opened at $23.96 on Friday. NYLI MacKay Shields Municipal Intermediate ETF has a twelve month low of $23.70 and a twelve month high of $24.77. The business has a fifty day simple moving average of $24.27 and a 200 day simple moving average of $24.37.

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.