Hudock Inc. Makes New $7.98 Million Investment in NYLI MacKay Shields Municipal Intermediate ETF $MMIT

Hudock Inc. bought a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 328,296 shares of the company’s stock, valued at approximately $7,978,000. NYLI MacKay Shields Municipal Intermediate ETF accounts for about 1.2% of Hudock Inc.’s investment portfolio, making the stock its 22nd largest position. Hudock Inc. owned 0.68% of NYLI MacKay Shields Municipal Intermediate ETF at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 16.8% during the second 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. Assetmark Inc. lifted its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 81.7% during the second quarter. Assetmark Inc. now owns 4,185 shares of the company’s stock worth $100,000 after buying an additional 1,882 shares during the period. Daymark Wealth Partners LLC bought a new stake in NYLI MacKay Shields Municipal Intermediate ETF during the 2nd quarter valued at $249,000. AE Wealth Management LLC boosted its position in NYLI MacKay Shields Municipal Intermediate ETF by 13.8% during the 2nd quarter. AE Wealth Management LLC now owns 10,917 shares of the company’s stock valued at $260,000 after acquiring an additional 1,320 shares in the last quarter. Finally, Lokken Investment Group LLC increased its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 52.2% in the 2nd quarter. Lokken Investment Group LLC now owns 15,410 shares of the company’s stock valued at $368,000 after acquiring an additional 5,283 shares during the period.

NYLI MacKay Shields Municipal Intermediate ETF Price Performance

MMIT opened at $24.46 on Friday. NYLI MacKay Shields Municipal Intermediate ETF has a 12 month low of $22.99 and a 12 month high of $24.50. The stock has a fifty day moving average price of $24.35 and a 200-day moving average price of $24.14.

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.