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NYSEARCA:MMIT

NYLI MacKay Shields Municipal Intermediate ETF (MMIT) Price, Holdings, & News

$24.00 -0.01 (-0.04%)
(As of 12/20/2024 04:33 PM ET)

About NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT)

Key Stats

Today's Range
$23.98
$24.09
50-Day Range
$23.99
$24.48
52-Week Range
$23.91
$24.71
Volume
338,128 shs
Average Volume
109,722 shs
Market Capitalization
$650.40 million
Assets Under Management
$755.77 million
Dividend Yield
2.33%
Net Expense Ratio
0.31%
Aggregate Rating
N/A

ETF Overview

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.

NYLI MacKay Shields Municipal Intermediate ETF Expenses

TypeMMITInvestment Grade ETFsFixed Income ETFsNYSEARCA ETFsAll ETFs
Management Fee0.40%0.22%0.33%0.51%0.52%
Other Expenses0.11%0.12%0.26%0.57%0.53%
Total Expense0.51%0.25%0.40%0.73%0.71%
Fee Waiver-0.20%-0.14%-0.25%-0.67%-0.56%
Net Expense0.31%0.23%0.36%0.58%0.59%
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MMIT ETF News Headlines

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MMIT ETF - Frequently Asked Questions

NYLI MacKay Shields Municipal Intermediate ETF's stock was trading at $24.56 at the start of the year. Since then, MMIT shares have decreased by 2.3% and is now trading at $24.00.
View the best growth stocks for 2024 here
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NYLI MacKay Shields Municipal Intermediate ETF's top institutional shareholders include Schneider Downs Wealth Management Advisors LP (5.32%), Pallas Capital Advisors LLC (3.69%), TruWealth Advisors LLC (2.37%) and Great Valley Advisor Group Inc. (1.52%).

Shares of MMIT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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Based on aggregate information from My MarketBeat watchlists, some other companies that NYLI MacKay Shields Municipal Intermediate ETF investors own include Acxiom (ACXM), Duke Realty (DRE), Keane Group (FRAC), Adesto Technologies (IOTS), Teekay Tankers (TNK), Verizon Communications (VZ) and Atmos Energy (ATO).

Fund Details

Issuer
New York Life Investments
Fund Name
NYLI MacKay Shields Municipal Intermediate ETF
Tax Classification
Regulated Investment Company
Current Symbol
NYSEARCA:MMIT
Inception Date
10/18/2017
Fund Manager
John Loffredo, Robert DiMella, Michael Petty, David Dowden, Scott Sprauer, John Lawlor
Web
N/A
Phone
N/A

Fund Focus

Asset Class
Fixed Income
Benchmark
N/A
Category
Municipals
Focus
Investment Grade
Development Level
Developed Markets
Region
North America
Number of Holdings
564

Fund Statistics

Assets Under Management
$755.77 million
Average Daily Volume
$138,942.20
Discount/Premium
-0.03%

Administrator, Advisor and Custodian

Administrator
The Bank of New York Mellon Corporation
Advisor
New York Life Investment Management LLC
Custodian
The Bank of New York Mellon Corporation
Distributor
ALPS Distributors, Inc.
Transfer Agent
The Bank of New York Mellon Corporation
Trustee
N/A
Lead Market Maker
GTS

Options

Optionable
N/A
Short Interest
72,000 shs

Miscellaneous

Beta
0.08
Creation Unit
50,000
Creation Fee
$500.00
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Top 10 MMIT Holdings

  • CHARLOTTE-MECKLENBERG HOSP AUTH N C HEALTH CARE SYS REV 3%
    Holding Weight: 1.18%
  • Dreyfus Govt Cash Man Ins
    Holding Weight: 1.18%
  • PARKER CNTY TEX 5%
    Holding Weight: 0.90%
  • SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5%
    Holding Weight: 0.86%
  • BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%
    Holding Weight: 0.85%
  • BROWNSBURG IND 1999 SCH BLDG CORP 5.5%
    Holding Weight: 0.84%
  • PATRIOTS ENERGY GROUP FING AGY S C GAS SUPPLY REV 5.002%
    Holding Weight: 0.83%
  • LOUISIANA HSG CORP MULTIFAMILY HSG REV 5%
    Holding Weight: 0.81%
  • MAIN STR NAT GAS INC GA GAS SUPPLY REV 5%
    Holding Weight: 0.78%
  • CONNECTICUT ST 5%
    Holding Weight: 0.77%

MMIT Sector Exposure

MMIT Industry Exposure


This page (NYSEARCA:MMIT) was last updated on 12/21/2024 by MarketBeat.com Staff
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