Prestige Wealth Management Group LLC lifted its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Free Report) by 12.7% during the 1st quarter, Holdings Channel reports. The firm owned 241,710 shares of the company’s stock after purchasing an additional 27,258 shares during the period. NYLI MacKay Shields Municipal Intermediate ETF makes up 1.1% of Prestige Wealth Management Group LLC’s holdings, making the stock its 20th largest holding. Prestige Wealth Management Group LLC’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $5,844,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. NewEdge Wealth LLC acquired a new stake in NYLI MacKay Shields Municipal Intermediate ETF during the first quarter worth approximately $1,054,000. Cornerstone Advisors Asset Management LLC increased its stake in NYLI MacKay Shields Municipal Intermediate ETF by 9.1% during the 1st quarter. Cornerstone Advisors Asset Management LLC now owns 557,697 shares of the company’s stock worth $13,443,000 after acquiring an additional 46,343 shares during the period. Meeder Advisory Services Inc. increased its stake in NYLI MacKay Shields Municipal Intermediate ETF by 30.3% during the 1st quarter. Meeder Advisory Services Inc. now owns 2,944,732 shares of the company’s stock worth $70,983,000 after acquiring an additional 683,938 shares during the period. RFG Bristol Wealth Advisors LLC raised its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 12.2% in the 1st quarter. RFG Bristol Wealth Advisors LLC now owns 29,590 shares of the company’s stock valued at $713,000 after acquiring an additional 3,208 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 1.7% in the 1st quarter. Bank of New York Mellon Corp now owns 273,476 shares of the company’s stock valued at $6,592,000 after acquiring an additional 4,547 shares in the last quarter.
NYLI MacKay Shields Municipal Intermediate ETF Trading Down 0.3%
NYSEARCA:MMIT opened at $24.09 on Thursday. NYLI MacKay Shields Municipal Intermediate ETF has a fifty-two week low of $23.68 and a fifty-two week high of $24.77. The stock has a fifty day moving average price of $24.28 and a 200-day moving average price of $24.37.
NYLI MacKay Shields Municipal Intermediate ETF 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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Want to see what other hedge funds are holding MMIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Free Report).
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