IAG Wealth Partners LLC reduced its holdings in NYLIM MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Free Report) by 2.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,912,815 shares of the company’s stock after selling 54,281 shares during the quarter. NYLIM MacKay Shields Municipal Intermediate ETF comprises 4.1% of IAG Wealth Partners LLC’s investment portfolio, making the stock its 5th largest position. IAG Wealth Partners LLC’s holdings in NYLIM MacKay Shields Municipal Intermediate ETF were worth $43,765,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE increased its stake in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 8.2% during the first quarter. Bank of America Corp DE now owns 6,215,015 shares of the company’s stock valued at $149,813,000 after buying an additional 471,765 shares during the period. Meeder Advisory Services Inc. lifted its stake in NYLIM MacKay Shields Municipal Intermediate ETF by 30.3% in the first 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. Cetera Investment Advisers lifted its stake in NYLIM MacKay Shields Municipal Intermediate ETF by 5.5% in the first quarter. Cetera Investment Advisers now owns 2,053,468 shares of the company’s stock worth $49,499,000 after acquiring an additional 107,132 shares during the period. Envestnet Asset Management Inc. lifted its stake in NYLIM MacKay Shields Municipal Intermediate ETF by 10.2% in the second quarter. Envestnet Asset Management Inc. now owns 983,337 shares of the company’s stock worth $23,944,000 after acquiring an additional 91,392 shares during the period. Finally, Lebenthal Global Advisors LLC boosted its holdings in NYLIM MacKay Shields Municipal Intermediate ETF by 29.8% in the third quarter. Lebenthal Global Advisors LLC now owns 861,621 shares of the company’s stock valued at $19,714,000 after acquiring an additional 197,807 shares in the last quarter.
NYLIM MacKay Shields Municipal Intermediate ETF Trading Down 0.5%
NYSEARCA:MMIT opened at $23.76 on Friday. The firm’s fifty day simple moving average is $23.39 and its 200 day simple moving average is $24.06. NYLIM MacKay Shields Municipal Intermediate ETF has a twelve month low of $22.77 and a twelve month high of $24.77.
NYLIM 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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