Lebenthal Global Advisors LLC Makes New Investment in NYLI MacKay Shields Municipal Intermediate ETF $MMIT

Lebenthal Global Advisors LLC acquired a new position in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 42,757 shares of the company’s stock, valued at approximately $1,039,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its holdings 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 buying an additional 584 shares in the last quarter. Assetmark Inc. raised its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 81.7% during the 2nd quarter. Assetmark Inc. now owns 4,185 shares of the company’s stock valued at $100,000 after buying an additional 1,882 shares in the last quarter. Daymark Wealth Partners LLC bought a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF in the 2nd quarter valued at approximately $249,000. AE Wealth Management LLC lifted its position in NYLI MacKay Shields Municipal Intermediate ETF by 13.8% in the second 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 last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF in the 3rd quarter worth about $260,000.

NYLI MacKay Shields Municipal Intermediate ETF Stock Down 0.2%

MMIT opened at $24.47 on Friday. NYLI MacKay Shields Municipal Intermediate ETF has a one year low of $22.99 and a one year high of $24.57. The stock’s 50 day moving average price is $24.39 and its 200-day moving average price is $24.21.

NYLI MacKay Shields Municipal Intermediate ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, February 3rd. Stockholders of record on Friday, January 30th will be given a dividend of $0.0733 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend 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.