Cornerstone Advisors Asset Management LLC lowered its stake in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Free Report) by 6.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 520,097 shares of the company’s stock after selling 37,600 shares during the quarter. NYLI MacKay Shields Municipal Intermediate ETF accounts for about 1.7% of Cornerstone Advisors Asset Management LLC’s portfolio, making the stock its 17th biggest holding. Cornerstone Advisors Asset Management LLC’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $12,664,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. UBS Group AG lifted its stake in NYLI MacKay Shields Municipal Intermediate ETF by 7.2% in the 4th quarter. UBS Group AG now owns 1,697,344 shares of the company’s stock valued at $41,296,000 after buying an additional 113,582 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 105.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 172,365 shares of the company’s stock valued at $4,194,000 after acquiring an additional 88,295 shares in the last quarter. TD Private Client Wealth LLC acquired a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF in the fourth quarter worth approximately $595,000. Elyxium Wealth LLC boosted its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 68.1% in the fourth quarter. Elyxium Wealth LLC now owns 227,244 shares of the company’s stock worth $5,529,000 after acquiring an additional 92,064 shares during the last quarter. Finally, NewEdge Wealth LLC purchased a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF during the first quarter worth approximately $1,054,000.
NYLI MacKay Shields Municipal Intermediate ETF Price Performance
NYSEARCA MMIT opened at $23.66 on Friday. The business has a fifty day moving average price of $24.08 and a 200 day moving average price of $24.25. NYLI MacKay Shields Municipal Intermediate ETF has a one year low of $23.65 and a one year high of $24.77.
About NYLI MacKay Shields Municipal Intermediate ETF
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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