NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Get Free Report) shares saw an uptick in trading volume on Wednesday . 370,153 shares were traded during mid-day trading, an increase of 181% from the previous session’s volume of 131,885 shares.The stock last traded at $23.92 and had previously closed at $24.00.
NYLI MacKay Shields Municipal Intermediate ETF Price Performance
The business’s 50 day moving average is $24.15 and its 200 day moving average is $24.25.
Hedge Funds Weigh In On NYLI MacKay Shields Municipal Intermediate ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Financial Counselors Inc. increased its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 9.4% in the third quarter. Financial Counselors Inc. now owns 272,889 shares of the company’s stock valued at $6,713,000 after purchasing an additional 23,474 shares during the period. Rockefeller Capital Management L.P. purchased a new stake in NYLI MacKay Shields Municipal Intermediate ETF in the third quarter valued at approximately $480,000. Jane Street Group LLC purchased a new stake in NYLI MacKay Shields Municipal Intermediate ETF in the third quarter valued at approximately $547,000. MML Investors Services LLC increased its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 2.3% in the 3rd quarter. MML Investors Services LLC now owns 108,064 shares of the company’s stock worth $2,658,000 after buying an additional 2,429 shares during the period. Finally, Sanctuary Advisors LLC raised its position in NYLI MacKay Shields Municipal Intermediate ETF by 29.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 162,144 shares of the company’s stock worth $3,945,000 after buying an additional 36,985 shares during 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.
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