Avantax Planning Partners Inc. trimmed its position in shares of NYLIM MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Free Report) by 47.3% in the third quarter, Holdings Channel.com reports. The firm owned 101,031 shares of the company’s stock after selling 90,783 shares during the period. Avantax Planning Partners Inc.’s holdings in NYLIM MacKay Shields Municipal Intermediate ETF were worth $2,312,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC lifted its holdings in NYLIM MacKay Shields Municipal Intermediate ETF by 13.3% in the 3rd quarter. Smallwood Wealth Investment Management LLC now owns 206,684 shares of the company’s stock worth $4,729,000 after buying an additional 24,318 shares in the last quarter. Signature Equity Partners LLC grew its stake in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 157.3% during the third quarter. Signature Equity Partners LLC now owns 3,855 shares of the company’s stock valued at $88,000 after acquiring an additional 2,357 shares in the last quarter. Kuhn & Co Investment Counsel grew its stake in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 5.0% during the third quarter. Kuhn & Co Investment Counsel now owns 73,540 shares of the company’s stock valued at $1,683,000 after acquiring an additional 3,487 shares in the last quarter. Vise Technologies Inc. acquired a new stake in shares of NYLIM MacKay Shields Municipal Intermediate ETF during the third quarter valued at about $263,000. Finally, Lebenthal Global Advisors LLC increased its position in shares of NYLIM MacKay Shields Municipal Intermediate ETF by 29.8% during the third quarter. Lebenthal Global Advisors LLC now owns 861,621 shares of the company’s stock worth $19,714,000 after acquiring an additional 197,807 shares during the last quarter.
NYLIM MacKay Shields Municipal Intermediate ETF Stock Up 0.3%
Shares of NYSEARCA MMIT opened at $23.87 on Friday. NYLIM MacKay Shields Municipal Intermediate ETF has a 1 year low of $22.77 and a 1 year high of $24.77. The stock’s 50-day simple moving average is $23.38 and its 200-day simple moving average is $24.07.
NYLIM 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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