Prestige Wealth Management Group LLC Acquires 27,258 Shares of NYLI MacKay Shields Municipal Intermediate ETF $MMIT

Prestige Wealth Management Group LLC grew its holdings in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 12.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 241,710 shares of the company’s stock after buying an additional 27,258 shares during the period. NYLI MacKay Shields Municipal Intermediate ETF accounts for about 1.1% of Prestige Wealth Management Group LLC’s portfolio, making the stock its 20th biggest holding. Prestige Wealth Management Group LLC owned approximately 0.37% of NYLI MacKay Shields Municipal Intermediate ETF worth $5,844,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. CWM LLC acquired a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF during the 4th quarter worth approximately $26,000. CIBC Private Wealth Group LLC acquired a new stake in NYLI MacKay Shields Municipal Intermediate ETF during the 4th quarter valued at $27,000. BOKF NA acquired a new stake in NYLI MacKay Shields Municipal Intermediate ETF during the 3rd quarter valued at $53,000. Root Financial Partners LLC bought a new position in NYLI MacKay Shields Municipal Intermediate ETF during the fourth quarter worth $83,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in NYLI MacKay Shields Municipal Intermediate ETF by 16.8% during the second 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 during the period.

NYLI MacKay Shields Municipal Intermediate ETF Trading Down 0.3%

NYSEARCA:MMIT opened at $24.09 on Thursday. NYLI MacKay Shields Municipal Intermediate ETF has a one year low of $23.68 and a one year high of $24.77. The firm’s fifty day moving average price is $24.28 and its two-hundred day moving average price is $24.37.

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