BCS Wealth Management lessened its stake in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Free Report) by 48.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 24,871 shares of the company’s stock after selling 23,493 shares during the period. BCS Wealth Management’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $599,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the company. CWM LLC bought a new position in NYLI MacKay Shields Municipal Intermediate ETF in the 4th quarter valued at $26,000. CIBC Private Wealth Group LLC bought a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF during the fourth quarter worth $27,000. BOKF NA acquired a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF during the third quarter valued at $53,000. Root Financial Partners LLC acquired a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF during the fourth quarter valued at $83,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 16.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,056 shares of the company’s stock valued at $97,000 after acquiring an additional 584 shares during the last quarter.
NYLI MacKay Shields Municipal Intermediate ETF Stock Performance
NYLI MacKay Shields Municipal Intermediate ETF stock opened at $24.36 on Thursday. The business’s 50-day simple moving average is $24.30 and its 200 day simple moving average is $24.38. NYLI MacKay Shields Municipal Intermediate ETF has a 12-month low of $23.68 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.
See Also
- Five stocks we like better than NYLI MacKay Shields Municipal Intermediate ETF
- Why KB Home Could Reward Patient Investors Later
- Meta’s Internal Turmoil: Morale Nears 20-Year Low at the Wrong Time
- Tesla’s New NHTSA Probe Lands at the Worst Possible Time
- Nano Nuclear’s AI Data Center Deal Puts the Stock Back in Focus
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).
Receive News & Ratings for NYLI MacKay Shields Municipal Intermediate ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NYLI MacKay Shields Municipal Intermediate ETF and related companies with MarketBeat.com's FREE daily email newsletter.
