94,426 Shares in NYLI MacKay Shields Municipal Intermediate ETF $MMIT Acquired by Core Wealth Advisors LLC

Core Wealth Advisors LLC bought a new position in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 94,426 shares of the company’s stock, valued at approximately $2,297,000. NYLI MacKay Shields Municipal Intermediate ETF makes up about 1.4% of Core Wealth Advisors LLC’s investment portfolio, making the stock its 11th biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in MMIT. Royal Bank of Canada raised its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 12.5% in the 1st quarter. Royal Bank of Canada now owns 97,836 shares of the company’s stock worth $2,345,000 after purchasing an additional 10,902 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 128.9% in the 1st quarter. Jane Street Group LLC now owns 437,354 shares of the company’s stock worth $10,483,000 after purchasing an additional 246,326 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 36.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 196,002 shares of the company’s stock worth $4,675,000 after purchasing an additional 52,003 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 16.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,056 shares of the company’s stock worth $97,000 after purchasing an additional 584 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 108.2% in the 2nd quarter. NewEdge Advisors LLC now owns 18,920 shares of the company’s stock worth $451,000 after purchasing an additional 9,833 shares in the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Trading Down 0.2%

NYSEARCA MMIT opened at $24.27 on Friday. The company’s 50 day simple moving average is $24.25 and its 200 day simple moving average is $24.38. NYLI MacKay Shields Municipal Intermediate ETF has a 12 month low of $23.59 and a 12 month high of $24.77.

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. MMIT was launched on Oct 18, 2017 and is managed by IndexIQ.