Fortis Group Advisors LLC increased its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Free Report) by 35.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,838 shares of the company’s stock after purchasing an additional 9,883 shares during the quarter. Fortis Group Advisors LLC’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $931,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC bought a new position in NYLI MacKay Shields Municipal Intermediate ETF in the 2nd quarter valued at $61,000. Sunpointe LLC bought a new position in NYLI MacKay Shields Municipal Intermediate ETF in the third quarter valued at about $208,000. Smallwood Wealth Investment Management LLC acquired a new stake in NYLI MacKay Shields Municipal Intermediate ETF in the third quarter worth about $1,008,000. BCS Wealth Management raised its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 11.0% during the 3rd quarter. BCS Wealth Management now owns 41,721 shares of the company’s stock worth $1,026,000 after purchasing an additional 4,144 shares during the last quarter. Finally, AdvisorNet Financial Inc lifted its position in NYLI MacKay Shields Municipal Intermediate ETF by 2.1% during the 1st quarter. AdvisorNet Financial Inc now owns 42,731 shares of the company’s stock valued at $1,042,000 after purchasing an additional 862 shares during the period.
NYLI MacKay Shields Municipal Intermediate ETF Stock Down 0.1 %
Shares of NYSEARCA:MMIT traded down $0.02 during trading on Tuesday, hitting $24.32. 1,192 shares of the company’s stock were exchanged, compared to its average volume of 105,728. The firm has a 50-day moving average price of $24.47 and a two-hundred day moving average price of $24.29. NYLI MacKay Shields Municipal Intermediate ETF has a 1-year low of $23.21 and a 1-year high of $24.71.
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.
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