New York Life Insurance Co. acquired a new stake in shares of NYLI MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,151,544 shares of the company’s stock, valued at approximately $25,132,000. NYLI MacKay California Municipal Intermediate ETF comprises approximately 5.5% of New York Life Insurance Co.’s holdings, making the stock its 5th biggest position. New York Life Insurance Co. owned 34.90% of NYLI MacKay California Municipal Intermediate ETF at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the business. Entruity Wealth LLC grew its holdings in shares of NYLI MacKay California Municipal Intermediate ETF by 0.8% during the third quarter. Entruity Wealth LLC now owns 110,151 shares of the company’s stock valued at $2,395,000 after buying an additional 880 shares during the last quarter. Brio Consultants LLC lifted its position in shares of NYLI MacKay California Municipal Intermediate ETF by 2.1% during the fourth quarter. Brio Consultants LLC now owns 48,046 shares of the company’s stock valued at $1,049,000 after purchasing an additional 988 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of NYLI MacKay California Municipal Intermediate ETF during the third quarter valued at about $141,000. Wealth Alliance LLC bought a new position in shares of NYLI MacKay California Municipal Intermediate ETF during the third quarter valued at about $232,000. Finally, Weil Company Inc. lifted its position in shares of NYLI MacKay California Municipal Intermediate ETF by 2.7% during the third quarter. Weil Company Inc. now owns 428,468 shares of the company’s stock valued at $9,317,000 after purchasing an additional 11,267 shares in the last quarter.
NYLI MacKay California Municipal Intermediate ETF Price Performance
MMCA opened at $21.72 on Thursday. The company’s 50-day moving average is $21.70 and its 200 day moving average is $21.85. NYLI MacKay California Municipal Intermediate ETF has a fifty-two week low of $21.09 and a fifty-two week high of $23.00.
NYLI MacKay California Municipal Intermediate ETF Company Profile
The IQ MacKay California Municipal Intermediate ETF (MMCA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests primarily in investment-grade, intermediate-term municipal bonds that are exempt from federal and California income taxes. MMCA was launched on Dec 21, 2021 and is managed by IndexIQ.
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