How have MMIT shares performed in 2024?

IQ MacKay Shields Municipal Intermediate ETF's stock was trading at $24.56 on January 1st, 2024. Since then, MMIT shares have decreased by 1.8% and is now trading at $24.11. View the best growth stocks for 2024 here .

How often does IQ MacKay Shields Municipal Intermediate ETF pay dividends? What is the dividend yield for IQ MacKay Shields Municipal Intermediate ETF?

IQ MacKay Shields Municipal Intermediate ETF declared a dividend on Tuesday, February 6th. Shareholders of record on Tuesday, April 2nd will be paid a dividend of $0.0785 per share on Friday, April 5th. The ex-dividend date of this dividend is Monday, April 1st. This is a boost from the stock's previous dividend of $0.07. Read our dividend analysis for MMIT .

What does MMIT invest in?

IQ MacKay Shields Municipal Intermediate ETF is a fixed income fund issued by IndexIQ. MMIT focuses on investment grade investments. The fund's investments total to approximately $649.53 million assets under management.

What is the management fee for IQ MacKay Shields Municipal Intermediate ETF?

IQ MacKay Shields Municipal Intermediate ETF's management fee is 0.40% and has other expenses of 0.18%. However, MMIT has a fee waiver of -0.27% to reimburse the expenses. The net expense ratio for MMIT is 0.31%.

What other stocks do shareholders of IQ MacKay Shields Municipal Intermediate ETF own?

Based on aggregate information from My MarketBeat watchlists, some companies that other IQ 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) , Atmos Energy (ATO) , Aroundtown (AT1) , Ashland (ASH) and Alliance Resource Partners (ARLP) .

Who are IQ MacKay Shields Municipal Intermediate ETF's major shareholders?

IQ MacKay Shields Municipal Intermediate ETF's stock is owned by many different retail and institutional investors. Top institutional investors include Vicus Capital (0.74%), Massmutual Trust Co. FSB ADV (0.84%) and AdvisorNet Financial Inc (0.16%).

How do I buy shares of IQ MacKay Shields Municipal Intermediate ETF?

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. Compare Top Brokerages Here .

NYSEARCA:MMIT

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

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$24.11

+0.03 (+0.12%)

(As of 04/17/2024 ET)

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Today's Range: $24.07
▼
$24.14
50-Day Range: $24.03
▼
$24.48
52-Week Range: $23.21
▼
$24.71

Volume: 57,616 shs
Average Volume: 125,258 shs
Market Capitalization: $648.56 million

Assets Under Management: $649.53 million
Dividend Yield: 2.32%
Net Expense Ratio: 0.31%

Stock Analysis Chart Dividend Holdings Ownership

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About IQ 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.

MMIT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MMIT ETF News Headlines

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Fund Details

Issuer: IndexIQ
Fund Name: IQ MacKay Shields Municipal Intermediate ETF
Tax Classification: Regulated Investment Company
Stock Exchange: NYSEARCA
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: 542

Fund Statistics

Assets Under Management: $649.53 million
Average Daily Volume: $93,641.40
Discount/Premium: -0.02%

Administrator, Advisor and Custodian

Administrator: The Bank of New York Mellon Corporation
Advisor: IndexIQ Advisors 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: 22,100 shs

Miscellaneous

Outstanding Shares: 26,900,000
Beta: 0.11
Creation Unit: 50,000
Creation Fee: $500.00

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IQ MacKay Shields Municipal Intermediate ETF Expenses

Type	MMIT	Investment Grade ETFs	Fixed Income ETFs	NYSEARCA ETFs	All ETFs
Management Fee	0.40%	0.22%	0.32%	0.50%	0.51%
Other Expenses	0.18%	0.12%	0.27%	0.64%	0.58%
Total Expense	0.58%	0.25%	0.40%	0.74%	0.70%
Fee Waiver	-0.27%	-0.15%	-0.24%	-0.68%	-0.57%
Net Expense	0.31%	0.22%	0.35%	0.57%	0.58%

IQ MacKay Shields Municipal Intermediate ETF (MMIT) Holdings & Exposure

Top 10 MMIT Holdings

PARKER CNTY TEX 5%
Holding Weight: 1.06%
BROWNSBURG IND 1999 SCH BLDG CORP 5.5%
Holding Weight: 0.98%
LOUISIANA HSG CORP MULTIFAMILY HSG REV 5%
Holding Weight: 0.95%
PATRIOTS ENERGY GROUP FING AGY S C GAS SUPPLY REV 5.464%
Holding Weight: 0.95%
CONNECTICUT ST 5%
Holding Weight: 0.90%
MAIN STR NAT GAS INC GA GAS SUPPLY REV 5.264%
Holding Weight: 0.79%
CHICAGO ILL MULTI-FAMILY HSG REV 5%
Holding Weight: 0.78%
MIAMI-DADE CNTY FLA TRAN SYS SALES SURTAX REV 5%
Holding Weight: 0.75%
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25%
Holding Weight: 0.70%
UNIVERSITY CALIF REVS 2.9%
Holding Weight: 0.70%

MMIT Sector Exposure

MMIT Industry Exposure

Full Holdings Details

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Institutional Ownership

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MMIT ETF - Frequently Asked Questions

How have MMIT shares performed in 2024?: IQ MacKay Shields Municipal Intermediate ETF's stock was trading at $24.56 on January 1st, 2024. Since then, MMIT shares have decreased by 1.8% and is now trading at $24.11.
View the best growth stocks for 2024 here.
How often does IQ MacKay Shields Municipal Intermediate ETF pay dividends? What is the dividend yield for IQ MacKay Shields Municipal Intermediate ETF?: IQ MacKay Shields Municipal Intermediate ETF declared a dividend on Tuesday, February 6th. Shareholders of record on Tuesday, April 2nd will be paid a dividend of $0.0785 per share on Friday, April 5th. The ex-dividend date of this dividend is Monday, April 1st. This is a boost from the stock's previous dividend of $0.07.
Read our dividend analysis for MMIT.
What does MMIT invest in?: IQ MacKay Shields Municipal Intermediate ETF is a fixed income fund issued by IndexIQ. MMIT focuses on investment grade investments. The fund's investments total to approximately $649.53 million assets under management.
What is the management fee for IQ MacKay Shields Municipal Intermediate ETF?: IQ MacKay Shields Municipal Intermediate ETF's management fee is 0.40% and has other expenses of 0.18%. However, MMIT has a fee waiver of -0.27% to reimburse the expenses. The net expense ratio for MMIT is 0.31%.

What other stocks do shareholders of IQ MacKay Shields Municipal Intermediate ETF own?: Based on aggregate information from My MarketBeat watchlists, some companies that other IQ 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), Atmos Energy (ATO), Aroundtown (AT1), Ashland (ASH) and Alliance Resource Partners (ARLP).
Who are IQ MacKay Shields Municipal Intermediate ETF's major shareholders?: IQ MacKay Shields Municipal Intermediate ETF's stock is owned by many different retail and institutional investors. Top institutional investors include Vicus Capital (0.74%), Massmutual Trust Co. FSB ADV (0.84%) and AdvisorNet Financial Inc (0.16%).
How do I buy shares of IQ MacKay Shields Municipal Intermediate ETF?: 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.
Compare Top Brokerages Here.

This page (NYSEARCA:MMIT) was last updated on 4/18/2024 by MarketBeat.com Staff

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