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1D
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YTD
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ALL
AUM
$1.25B
P/E ratio
--
Dividend yield
3.2595%
Expense ratio
0.3%
Beta
0.233956
Previous close
$24.32
Today's open
$24.29
Day's range
$24.29 - $24.37
52 week range
$22.99 - $24.50
Bonds
Domestic
Municipal
2.95%
ETF 360: John Lawlor Unpacks the State of Munis
On the latest ETF 360, Kirsten Chang spoke to John Lawlor, managing director, portfolio manager/trader from MacKay Shields about the state of munis. Additionally, they discussed the NYLI MacKay Muni Intermediate ETF (MMIT).
ETF Trends • Aug 21, 2025

IndexIQ Launches 6th MacKay Shields ETF
On Friday, IndexIQ launched the actively managed IQ MacKay Securitized Income ETF (NYSE Arca:SECR), which invests in investment-grade mortgage-related and asset-backed securities. The new fund is sub-advised by members of the global fixed income team at New York Life Investment Management subsidiary MacKay Shields.
ETF Trends • May 31, 2024

Municipal CEF Sector Update: What We're Doing After A Roller Coaster Ride
We take a look at the municipal sector after a rollercoaster ride. We find that longer-duration munis remain attractive, particularly relative to corporate bonds. Separately, muni CEF discounts are wide and higher-quality bonds look best.
Seeking Alpha • Mar 15, 2024

Own a muni ETF? Here's what midterm elections mean for the municipal bond market, according to this investment team
U.S. midterm elections have MacKay Municipal Managers, a team of municipal bond investors at MacKay Shields, watching closely for state ballot initiatives that may lead to policy change.
Market Watch • Nov 8, 2022

There's Value to Be Had in Municipal Bonds
Municipal bonds are participating in the 2022 fixed income market tale of woe, but broad-based municipal muni bond benchmarks are outperforming aggregate bond counterparts and some experts see opportunity in municipal debt.
ETF Trends • Sep 27, 2022

Muni Investors Stay Flexible As Rates Rise
Truly active managers shine in challenging investment environments, especially when they are given a flexible mandate. With tax-loss harvesting, active investors can deliberately sell at a loss to offset taxes on gains elsewhere in a portfolio.
Seeking Alpha • Nov 9, 2021

The Upheaval in Municipal Bonds Shows No Signs of Slowing
As the municipal bond market absorbs more inflows. assets like the IQ MacKay Municipal Intermediate ETF (MMIT) are worth considering.
ETF Trends • Jun 18, 2021

Are We Entering a ‘New Golden Decade' for Municipal Bonds?
With higher yields and more stability to offer fixed income investors, municipal bonds are all the rage in the debt market. A pair of active funds to consider are the IQ MacKay Municipal Intermediate ETF (MMIT) and the IQ MacKay Municipal Insured ETF (MMIN).
ETF Trends • May 13, 2021

Active Muni Bond ETFs Can Help Enhance an Investor’s Portfolio
The coronavirus pandemic triggered widespread market volatility, but it also offered an opportunity for active managers to position in attractively priced areas of the market. Fixed-income investors can also turn to actively managed municipal bond exchange traded fund strategies that are better equipped to adapt to changing market conditions.
ETF Trends • Jul 16, 2020

ETF of the Week: IQ MacKay Shields Municipal Intermediate (MMIT)
ETF Trends CEO Tom Lydon discussed the IQ MacKay Shields Municipal Intermediate (MMIT) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show. MMIT seeks current income exempt from federal income tax.
ETF Trends • Apr 9, 2020

¹ Disclosures

Open an M1 investment account to buy and sell IQ MacKay Municipal Intermediate ETF commission-free¹. Build wealth for the long term using automated trading and transfers.