Orgel Wealth Management LLC Raises Holdings in NYLI MacKay Shields Municipal Intermediate ETF $MMIT

Orgel Wealth Management LLC boosted its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,325,741 shares of the company’s stock after acquiring an additional 222,858 shares during the quarter. NYLI MacKay Shields Municipal Intermediate ETF comprises 3.4% of Orgel Wealth Management LLC’s holdings, making the stock its 11th largest holding. Orgel Wealth Management LLC owned approximately 11.82% of NYLI MacKay Shields Municipal Intermediate ETF worth $153,905,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MMIT. BOKF NA purchased a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF during the 3rd quarter worth $53,000. Rossby Financial LCC purchased a new stake in NYLI MacKay Shields Municipal Intermediate ETF in the 3rd quarter valued at about $95,000. Northwestern Mutual Wealth Management Co. raised its holdings in 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 buying an additional 584 shares during the period. United Community Bank acquired a new position in NYLI MacKay Shields Municipal Intermediate ETF in the third quarter valued at about $116,000. Finally, Assetmark Inc. lifted its position in NYLI MacKay Shields Municipal Intermediate ETF by 17.9% in the third quarter. Assetmark Inc. now owns 4,936 shares of the company’s stock valued at $120,000 after buying an additional 751 shares during the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Stock Down 0.6%

Shares of MMIT stock opened at $24.22 on Friday. NYLI MacKay Shields Municipal Intermediate ETF has a 1-year low of $22.99 and a 1-year high of $24.77. The company has a 50-day moving average of $24.54 and a two-hundred day moving average of $24.39.

NYLI MacKay Shields Municipal Intermediate ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Friday, February 27th were issued a $0.0668 dividend. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Friday, February 27th.

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.