Commonwealth Equity Services LLC grew its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Free Report) by 18.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 177,037 shares of the company’s stock after purchasing an additional 27,241 shares during the period. Commonwealth Equity Services LLC’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $4,307,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in MMIT. Royal Bank of Canada grew its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 12.5% during the 1st quarter. Royal Bank of Canada now owns 97,836 shares of the company’s stock worth $2,345,000 after purchasing an additional 10,902 shares in the last quarter. Jane Street Group LLC grew its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 128.9% during the 1st quarter. Jane Street Group LLC now owns 437,354 shares of the company’s stock worth $10,483,000 after purchasing an additional 246,326 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 36.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 196,002 shares of the company’s stock worth $4,675,000 after purchasing an additional 52,003 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 16.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,056 shares of the company’s stock worth $97,000 after purchasing an additional 584 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 108.2% during the 2nd quarter. NewEdge Advisors LLC now owns 18,920 shares of the company’s stock worth $451,000 after purchasing an additional 9,833 shares in the last quarter.
NYLI MacKay Shields Municipal Intermediate ETF Price Performance
Shares of NYLI MacKay Shields Municipal Intermediate ETF stock opened at $24.31 on Monday. The company has a 50 day moving average of $24.26 and a 200-day moving average of $24.38. NYLI MacKay Shields Municipal Intermediate ETF has a 1-year low of $23.62 and a 1-year high of $24.77.
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.
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