NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC cut its stake in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 990,587 shares of the company’s stock after selling 9,941 shares during the quarter. NYLI MacKay Shields Municipal Intermediate ETF makes up approximately 1.0% of Pallas Capital Advisors LLC’s portfolio, making the stock its 14th largest holding. Pallas Capital Advisors LLC owned approximately 3.66% of NYLI MacKay Shields Municipal Intermediate ETF worth $23,784,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 28.4% in the third quarter. JPMorgan Chase & Co. now owns 90,846 shares of the company’s stock worth $2,235,000 after acquiring an additional 20,081 shares during the last quarter. Synovus Financial Corp acquired a new stake in NYLI MacKay Shields Municipal Intermediate ETF during the 3rd quarter worth $488,000. Sanctuary Advisors LLC grew its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 29.6% during the third quarter. Sanctuary Advisors LLC now owns 162,144 shares of the company’s stock worth $3,945,000 after buying an additional 36,985 shares in the last quarter. MML Investors Services LLC raised its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 2.3% in the third quarter. MML Investors Services LLC now owns 108,064 shares of the company’s stock valued at $2,658,000 after buying an additional 2,429 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF in the third quarter worth about $547,000.

NYLI MacKay Shields Municipal Intermediate ETF Stock Performance

MMIT traded up $0.02 on Monday, reaching $23.93. 97,090 shares of the company’s stock were exchanged, compared to its average volume of 232,070. NYLI MacKay Shields Municipal Intermediate ETF has a twelve month low of $23.76 and a twelve month high of $24.65. The stock’s fifty day moving average price is $24.21 and its 200-day moving average price is $24.32.

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.