46 Peaks LLC Makes New $4.45 Million Investment in NYLI MacKay Shields Municipal Intermediate ETF $MMIT

46 Peaks LLC bought a new stake in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 182,482 shares of the company’s stock, valued at approximately $4,453,000. NYLI MacKay Shields Municipal Intermediate ETF comprises approximately 3.3% of 46 Peaks LLC’s investment portfolio, making the stock its 10th biggest position.

A number of other hedge funds have also recently made changes to their positions in the company. Opes Wealth Management LLC increased its position in NYLI MacKay Shields Municipal Intermediate ETF by 1.2% during the 3rd quarter. Opes Wealth Management LLC now owns 39,735 shares of the company’s stock valued at $966,000 after purchasing an additional 480 shares during the period. 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 acquiring an additional 584 shares during the last quarter. United Community Bank raised its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 12.6% in the 4th quarter. United Community Bank now owns 5,375 shares of the company’s stock worth $131,000 after acquiring an additional 600 shares during the last quarter. PKS Advisory Services LLC lifted its position in NYLI MacKay Shields Municipal Intermediate ETF by 1.7% in the 3rd quarter. PKS Advisory Services LLC now owns 39,622 shares of the company’s stock valued at $963,000 after acquiring an additional 671 shares in the last quarter. Finally, Assetmark Inc. lifted its position in NYLI MacKay Shields Municipal Intermediate ETF by 17.9% in the 3rd quarter. Assetmark Inc. now owns 4,936 shares of the company’s stock valued at $120,000 after acquiring an additional 751 shares in the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Price Performance

MMIT opened at $24.36 on Friday. NYLI MacKay Shields Municipal Intermediate ETF has a fifty-two week low of $23.68 and a fifty-two week high of $24.77. The company’s 50-day moving average is $24.29 and its 200 day moving average is $24.38.

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.