Cypress Point Wealth Management LLC Has $3.16 Million Holdings in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT)

Cypress Point Wealth Management LLC raised its position in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 5.9% in the third quarter, HoldingsChannel.com reports. The firm owned 128,538 shares of the company’s stock after purchasing an additional 7,177 shares during the quarter. NYLI MacKay Shields Municipal Intermediate ETF accounts for approximately 1.2% of Cypress Point Wealth Management LLC’s portfolio, making the stock its 18th biggest holding. Cypress Point Wealth Management LLC’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $3,162,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF in the 2nd quarter valued at $61,000. Farther Finance Advisors LLC increased its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 36.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,420 shares of the company’s stock valued at $84,000 after acquiring an additional 922 shares in the last quarter. Sunpointe LLC bought a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF in the 3rd quarter valued at $208,000. Opes Wealth Management LLC increased its stake in NYLI MacKay Shields Municipal Intermediate ETF by 7.4% during the 3rd quarter. Opes Wealth Management LLC now owns 32,545 shares of the company’s stock valued at $801,000 after purchasing an additional 2,250 shares in the last quarter. Finally, Fortis Group Advisors LLC increased its stake in NYLI MacKay Shields Municipal Intermediate ETF by 35.4% during the 3rd quarter. Fortis Group Advisors LLC now owns 37,838 shares of the company’s stock valued at $931,000 after purchasing an additional 9,883 shares in the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Stock Performance

MMIT stock traded up $0.16 during midday trading on Friday, reaching $24.27. 120,349 shares of the company’s stock traded hands, compared to its average volume of 105,303. The firm’s fifty day moving average price is $24.40 and its 200-day moving average price is $24.29. NYLI MacKay Shields Municipal Intermediate ETF has a 52 week low of $23.56 and a 52 week high of $24.71.

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.