Clear Trail Advisors LLC Invests $4.79 Million in NYLI MacKay Shields Municipal Intermediate ETF $MMIT

Clear Trail Advisors LLC purchased a new stake in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 198,526 shares of the company’s stock, valued at approximately $4,785,000. Clear Trail Advisors LLC owned approximately 0.31% of NYLI MacKay Shields Municipal Intermediate ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MMIT. Rockefeller Capital Management L.P. boosted its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 105.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 172,365 shares of the company’s stock worth $4,194,000 after buying an additional 88,295 shares in the last quarter. Corient Private Wealth LLC acquired a new position in NYLI MacKay Shields Municipal Intermediate ETF during the fourth quarter worth about $790,000. 46 Peaks LLC purchased a new position in NYLI MacKay Shields Municipal Intermediate ETF in the fourth quarter valued at about $4,453,000. Axxcess Wealth Management LLC boosted its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 2.6% during the 4th quarter. Axxcess Wealth Management LLC now owns 43,206 shares of the company’s stock worth $1,051,000 after acquiring an additional 1,103 shares in the last quarter. Finally, OLD Mission Capital LLC acquired a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF in the 4th quarter worth approximately $375,000.

NYLI MacKay Shields Municipal Intermediate ETF Stock Performance

MMIT opened at $24.35 on Tuesday. NYLI MacKay Shields Municipal Intermediate ETF has a 1-year low of $23.68 and a 1-year high of $24.77. The stock’s 50 day simple moving average is $24.29 and its 200 day simple moving average is $24.38.

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