Brady Martz Wealth Solutions LLC Takes $5.75 Million Position in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT)

Brady Martz Wealth Solutions LLC purchased a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 240,318 shares of the company’s stock, valued at approximately $5,751,000. NYLI MacKay Shields Municipal Intermediate ETF accounts for approximately 1.4% of Brady Martz Wealth Solutions LLC’s investment portfolio, making the stock its 14th largest position. Brady Martz Wealth Solutions LLC owned 0.89% of NYLI MacKay Shields Municipal Intermediate ETF as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Schneider Downs Wealth Management Advisors LP boosted its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 12.8% in the third quarter. Schneider Downs Wealth Management Advisors LP now owns 1,440,403 shares of the company’s stock worth $35,434,000 after buying an additional 163,060 shares during the period. Pallas Capital Advisors LLC boosted its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 5.5% in the 3rd quarter. Pallas Capital Advisors LLC now owns 1,000,528 shares of the company’s stock worth $24,223,000 after acquiring an additional 51,904 shares during the period. TruWealth Advisors LLC grew its position in NYLI MacKay Shields Municipal Intermediate ETF by 2.0% in the fourth quarter. TruWealth Advisors LLC now owns 655,457 shares of the company’s stock valued at $15,738,000 after acquiring an additional 12,906 shares in the last quarter. Great Valley Advisor Group Inc. raised its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 4.0% during the third quarter. Great Valley Advisor Group Inc. now owns 410,816 shares of the company’s stock valued at $10,106,000 after purchasing an additional 15,722 shares during the period. Finally, Financial Counselors Inc. lifted its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 9.4% during the third quarter. Financial Counselors Inc. now owns 272,889 shares of the company’s stock worth $6,713,000 after purchasing an additional 23,474 shares in the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Stock Up 0.3 %

NYLI MacKay Shields Municipal Intermediate ETF stock opened at $24.05 on Friday. The firm’s fifty day moving average price is $24.19 and its 200 day moving average price is $24.31. NYLI MacKay Shields Municipal Intermediate ETF has a 12-month low of $23.76 and a 12-month high of $24.65.

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.