Synovus Financial Corp trimmed its holdings in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Free Report) by 49.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,985 shares of the company’s stock after selling 9,873 shares during the quarter. Synovus Financial Corp’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $240,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Bill Few Associates Inc. bought a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF during the fourth quarter valued at approximately $315,000. Curran Financial Partners LLC acquired a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF in the 4th quarter valued at $330,000. Jane Street Group LLC acquired a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF during the third quarter valued at $547,000. GGM Financials LLC bought a new position in NYLI MacKay Shields Municipal Intermediate ETF in the fourth quarter valued at about $584,000. Finally, Pine Valley Investments Ltd Liability Co acquired a new stake in NYLI MacKay Shields Municipal Intermediate ETF in the fourth quarter worth about $642,000.
NYLI MacKay Shields Municipal Intermediate ETF Stock Down 0.1 %
Shares of NYSEARCA MMIT opened at $23.64 on Friday. The firm’s 50-day moving average is $23.99 and its 200-day moving average is $24.14. NYLI MacKay Shields Municipal Intermediate ETF has a 1 year low of $22.99 and a 1 year high of $24.65.
NYLI MacKay Shields Municipal Intermediate ETF Company 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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Want to see what other hedge funds are holding MMIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Free Report).
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