NYLI MacKay Shields Municipal Intermediate ETF $MMIT Shares Acquired by Elyxium Wealth LLC

Elyxium Wealth LLC increased its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 56.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 135,180 shares of the company’s stock after buying an additional 48,878 shares during the quarter. NYLI MacKay Shields Municipal Intermediate ETF accounts for about 1.1% of Elyxium Wealth LLC’s investment portfolio, making the stock its 25th biggest holding. Elyxium Wealth LLC’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $3,285,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MMIT. Northwestern Mutual Wealth Management Co. grew its stake in NYLI MacKay Shields Municipal Intermediate ETF by 16.8% during 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. Assetmark Inc. lifted its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 81.7% during the second quarter. Assetmark Inc. now owns 4,185 shares of the company’s stock worth $100,000 after purchasing an additional 1,882 shares during the period. United Community Bank purchased a new stake in NYLI MacKay Shields Municipal Intermediate ETF in the third quarter valued at approximately $116,000. Daymark Wealth Partners LLC purchased a new stake in NYLI MacKay Shields Municipal Intermediate ETF in the second quarter valued at approximately $249,000. Finally, AE Wealth Management LLC increased its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 13.8% in the 2nd quarter. AE Wealth Management LLC now owns 10,917 shares of the company’s stock worth $260,000 after buying an additional 1,320 shares during the period.

NYLI MacKay Shields Municipal Intermediate ETF Price Performance

MMIT opened at $24.57 on Friday. NYLI MacKay Shields Municipal Intermediate ETF has a 12-month low of $22.99 and a 12-month high of $24.59. The firm has a 50 day moving average of $24.41 and a two-hundred day moving average of $24.24.

NYLI MacKay Shields Municipal Intermediate ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, February 3rd. Investors of record on Friday, January 30th were given a dividend of $0.0733 per share. The ex-dividend date was Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 3.6%.

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.