NYLI MacKay Shields Municipal Intermediate ETF $MMIT Stock Position Raised by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC increased its stake in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 8.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 626,745 shares of the company’s stock after acquiring an additional 47,778 shares during the quarter. Pallas Capital Advisors LLC’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $15,249,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MMIT. BOKF NA purchased a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF during the third quarter valued at $53,000. Rossby Financial LCC purchased a new position in NYLI MacKay Shields Municipal Intermediate ETF in the 3rd quarter worth about $95,000. Northwestern Mutual Wealth Management Co. increased its stake 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 worth $97,000 after purchasing an additional 584 shares in the last quarter. United Community Bank acquired a new stake in NYLI MacKay Shields Municipal Intermediate ETF during the 3rd quarter worth about $116,000. Finally, Assetmark Inc. raised its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 17.9% during the 3rd quarter. Assetmark Inc. now owns 4,936 shares of the company’s stock worth $120,000 after buying an additional 751 shares during the period.

NYLI MacKay Shields Municipal Intermediate ETF Trading Up 0.0%

Shares of MMIT opened at $24.09 on Friday. NYLI MacKay Shields Municipal Intermediate ETF has a one year low of $22.99 and a one year high of $24.77. The company has a 50-day moving average of $24.50 and a two-hundred day moving average of $24.40.

NYLI MacKay Shields Municipal Intermediate ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, March 3rd. Investors of record on Friday, February 27th were given 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.