NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 211,399 shares were traded during mid-day trading, a decline of 38% from the previous session’s volume of 339,350 shares.The stock last traded at $24.22 and had previously closed at $24.21.
NYLI MacKay Shields Municipal Intermediate ETF Trading Down 0.0%
The company’s fifty day moving average is $24.29 and its 200 day moving average is $24.38.
Institutional Investors Weigh In On NYLI MacKay Shields Municipal Intermediate ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC bought a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF in the 4th quarter valued at about $26,000. CIBC Private Wealth Group LLC acquired a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF in the fourth quarter valued at about $27,000. BOKF NA bought a new stake in NYLI MacKay Shields Municipal Intermediate ETF during the third quarter worth about $53,000. Root Financial Partners LLC bought a new stake in NYLI MacKay Shields Municipal Intermediate ETF during the fourth quarter worth about $83,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings 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 worth $97,000 after acquiring an additional 584 shares in the last quarter.
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.
Further Reading
- Five stocks we like better than NYLI MacKay Shields Municipal Intermediate ETF
- Netflix May Be Cheap Enough to Tempt Buyers After Earnings Drop
- Delta vs. United: Which Airline Is Better Built for Higher Fuel Costs?
- The Market Sold Alcoa After Earnings—But It May Be Missing the Real Story
- Why Intuitive Surgical’s Strong Quarter Still Spooked Investors
Receive News & Ratings for NYLI MacKay Shields Municipal Intermediate ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NYLI MacKay Shields Municipal Intermediate ETF and related companies with MarketBeat.com's FREE daily email newsletter.
