NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) Sees Unusually-High Trading Volume – Here’s What Happened

NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) shares saw unusually-high trading volume on Friday . Approximately 211,399 shares traded hands during trading, a decline of 38% from the previous session’s volume of 339,350 shares.The stock last traded at $24.22 and had previously closed at $24.21.

NYLI MacKay Shields Municipal Intermediate ETF Price Performance

The firm has a 50-day moving average of $24.29 and a two-hundred day moving average of $24.38.

Hedge Funds Weigh In On NYLI MacKay Shields Municipal Intermediate ETF

A number of large investors have recently modified their holdings of the company. Mariner LLC lifted its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 1,689.0% in the 3rd quarter. Mariner LLC now owns 1,181,175 shares of the company’s stock valued at $28,703,000 after purchasing an additional 1,115,151 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 worth $70,983,000 after purchasing an additional 683,938 shares in the last quarter. Midwest Trust Co increased its position in NYLI MacKay Shields Municipal Intermediate ETF by 96.5% during the 4th quarter. Midwest Trust Co now owns 1,277,827 shares of the company’s stock worth $31,090,000 after purchasing an additional 627,505 shares in the last quarter. Bank of America Corp DE raised its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 8.2% in the first quarter. Bank of America Corp DE now owns 6,215,015 shares of the company’s stock valued at $149,813,000 after buying an additional 471,765 shares during the period. Finally, Schneider Downs Wealth Management Advisors LP raised its holdings 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 period.

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.