Sanctuary Advisors LLC Has $6.41 Million Stock Position in NYLI MacKay Shields Municipal Intermediate ETF $MMIT

Sanctuary Advisors LLC lifted its position in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 25.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 265,827 shares of the company’s stock after buying an additional 54,226 shares during the period. Sanctuary Advisors LLC owned about 0.41% of NYLI MacKay Shields Municipal Intermediate ETF worth $6,408,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in MMIT. Northwestern Mutual Wealth Management Co. grew its stake in NYLI MacKay Shields Municipal Intermediate ETF by 16.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,056 shares of the company’s stock valued at $97,000 after acquiring an additional 584 shares during the period. United Community Bank raised its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 12.6% during the fourth quarter. United Community Bank now owns 5,375 shares of the company’s stock worth $131,000 after purchasing an additional 600 shares during the period. Stronghold Wealth Management L.L.C. raised its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 3.4% during the first quarter. Stronghold Wealth Management L.L.C. now owns 25,201 shares of the company’s stock worth $607,000 after purchasing an additional 832 shares during the period. Opes Wealth Management LLC lifted its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 2.4% during the 4th quarter. Opes Wealth Management LLC now owns 40,700 shares of the company’s stock valued at $990,000 after purchasing an additional 965 shares in the last quarter. Finally, Lebenthal Global Advisors LLC lifted its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 2.3% during the 4th quarter. Lebenthal Global Advisors LLC now owns 43,729 shares of the company’s stock valued at $1,064,000 after purchasing an additional 972 shares in the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Trading Down 0.0%

Shares of MMIT opened at $24.20 on Friday. The stock has a 50 day simple moving average of $24.29 and a 200 day simple moving average of $24.38. NYLI MacKay Shields Municipal Intermediate ETF has a 52-week low of $23.68 and a 52-week 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.