Cornerstone Advisors Asset Management LLC raised its position in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Free Report) by 9.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 557,697 shares of the company’s stock after acquiring an additional 46,343 shares during the period. NYLI MacKay Shields Municipal Intermediate ETF makes up 2.1% of Cornerstone Advisors Asset Management LLC’s investment portfolio, making the stock its 14th largest holding. Cornerstone Advisors Asset Management LLC owned 0.86% of NYLI MacKay Shields Municipal Intermediate ETF worth $13,443,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Mariner LLC increased its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 1,689.0% during the third quarter. Mariner LLC now owns 1,181,175 shares of the company’s stock worth $28,703,000 after acquiring an additional 1,115,151 shares during the period. Meeder Advisory Services Inc. lifted its position in NYLI MacKay Shields Municipal Intermediate ETF by 30.3% in the first quarter. Meeder Advisory Services Inc. now owns 2,944,732 shares of the company’s stock valued at $70,983,000 after purchasing an additional 683,938 shares during the period. Midwest Trust Co lifted its position in NYLI MacKay Shields Municipal Intermediate ETF by 96.5% in the fourth quarter. Midwest Trust Co now owns 1,277,827 shares of the company’s stock valued at $31,090,000 after purchasing an additional 627,505 shares during the period. Bank of America Corp DE lifted its position in NYLI MacKay Shields Municipal Intermediate ETF by 10.3% in the third quarter. Bank of America Corp DE now owns 5,013,103 shares of the company’s stock valued at $121,818,000 after purchasing an additional 469,447 shares during the period. Finally, Schneider Downs Wealth Management Advisors LP boosted its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 22.0% in the 3rd quarter. Schneider Downs Wealth Management Advisors LP now owns 2,242,166 shares of the company’s stock valued at $54,485,000 after purchasing an additional 403,900 shares in the last quarter.
NYLI MacKay Shields Municipal Intermediate ETF Stock Performance
NYSEARCA MMIT opened at $24.20 on Monday. The business’s 50 day moving average is $24.29 and its two-hundred day 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.
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.
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