NYLI MacKay Shields Municipal Intermediate ETF $MMIT Shares Bought by Royal Bank of Canada

Royal Bank of Canada raised its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 23.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 712,696 shares of the company’s stock after purchasing an additional 137,591 shares during the period. Royal Bank of Canada’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $17,180,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Bank of America Corp DE boosted its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 10.3% in the 3rd quarter. Bank of America Corp DE now owns 5,013,103 shares of the company’s stock worth $121,818,000 after purchasing an additional 469,447 shares in the last quarter. Meeder Advisory Services Inc. increased its position in NYLI MacKay Shields Municipal Intermediate ETF by 30.3% during the 1st quarter. Meeder Advisory Services Inc. now owns 2,944,732 shares of the company’s stock valued at $70,983,000 after buying an additional 683,938 shares in the last quarter. Morgan Stanley raised its stake in NYLI MacKay Shields Municipal Intermediate ETF by 7.0% in the fourth quarter. Morgan Stanley now owns 2,785,502 shares of the company’s stock valued at $67,771,000 after buying an additional 183,188 shares during the last quarter. Schneider Downs Wealth Management Advisors LP raised its stake in NYLI MacKay Shields Municipal Intermediate ETF by 22.0% in the third quarter. Schneider Downs Wealth Management Advisors LP now owns 2,242,166 shares of the company’s stock valued at $54,485,000 after buying an additional 403,900 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in NYLI MacKay Shields Municipal Intermediate ETF by 5.5% in the first quarter. Cetera Investment Advisers now owns 2,053,468 shares of the company’s stock valued at $49,499,000 after buying an additional 107,132 shares during the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Price Performance

Shares of NYSEARCA MMIT opened at $24.00 on Friday. NYLI MacKay Shields Municipal Intermediate ETF has a fifty-two week low of $23.77 and a fifty-two week high of $24.77. The business has a 50-day simple moving average of $24.24 and a two-hundred day simple moving average of $24.34.

NYLI 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.