22,937 Shares in NYLIM MacKay Shields Municipal Intermediate ETF $MMIT Purchased by Retirement Planning Group LLC

Retirement Planning Group LLC purchased a new position in shares of NYLIM MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 22,937 shares of the company’s stock, valued at approximately $525,000.

Several other hedge funds have also recently added to or reduced their stakes in MMIT. Meeder Advisory Services Inc. lifted its holdings in NYLIM MacKay Shields Municipal Intermediate ETF by 30.3% in the 1st quarter. Meeder Advisory Services Inc. now owns 2,944,732 shares of the company’s stock valued at $70,983,000 after purchasing an additional 683,938 shares in the last quarter. Waverly Advisors LLC purchased a new stake in shares of NYLIM MacKay Shields Municipal Intermediate ETF during the second quarter worth $13,967,000. Bank of America Corp DE raised its position in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 8.2% in the first quarter. Bank of America Corp DE now owns 6,215,015 shares of the company’s stock valued at $149,813,000 after buying an additional 471,765 shares during the last quarter. Avior Wealth Management LLC raised its position in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 100.0% in the third quarter. Avior Wealth Management LLC now owns 744,372 shares of the company’s stock valued at $17,031,000 after buying an additional 372,250 shares during the last quarter. Finally, Concurrent Investment Advisors LLC purchased a new position in shares of NYLIM MacKay Shields Municipal Intermediate ETF in the second quarter worth about $8,719,000.

NYLIM MacKay Shields Municipal Intermediate ETF Stock Performance

MMIT opened at $23.31 on Thursday. NYLIM MacKay Shields Municipal Intermediate ETF has a twelve month low of $22.77 and a twelve month high of $24.77. The firm’s 50-day moving average price is $23.46 and its 200 day moving average price is $23.97.

NYLIM MacKay Shields Municipal Intermediate ETF 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.