Stifel Financial Corp lifted its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Free Report) by 2.1% in the fourth quarter, Holdings Channel reports. The firm owned 408,478 shares of the company’s stock after buying an additional 8,547 shares during the period. Stifel Financial Corp’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $9,808,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. NewEdge Advisors LLC increased its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 6.1% during the fourth quarter. NewEdge Advisors LLC now owns 9,453 shares of the company’s stock worth $227,000 after purchasing an additional 542 shares in the last quarter. Bill Few Associates Inc. purchased a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF during the fourth quarter worth about $315,000. Curran Financial Partners LLC purchased a new stake in NYLI MacKay Shields Municipal Intermediate ETF during the 4th quarter valued at about $330,000. Synovus Financial Corp acquired a new stake in NYLI MacKay Shields Municipal Intermediate ETF in the 3rd quarter valued at about $488,000. Finally, Jane Street Group LLC purchased a new position in NYLI MacKay Shields Municipal Intermediate ETF in the 3rd quarter worth approximately $547,000.
NYLI MacKay Shields Municipal Intermediate ETF Stock Performance
Shares of NYLI MacKay Shields Municipal Intermediate ETF stock opened at $23.72 on Monday. NYLI MacKay Shields Municipal Intermediate ETF has a 1-year low of $22.99 and a 1-year high of $24.65. The stock’s 50 day simple moving average is $23.93 and its 200-day simple moving average is $24.10.
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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