Hapanowicz & Associates Financial Services Inc Acquires 34,876 Shares of NYLI MacKay Shields Municipal Intermediate ETF $MMIT

Hapanowicz & Associates Financial Services Inc increased its stake in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 56.5% in the 1st quarter, HoldingsChannel reports. The fund owned 96,580 shares of the company’s stock after acquiring an additional 34,876 shares during the period. NYLI MacKay Shields Municipal Intermediate ETF accounts for approximately 0.9% of Hapanowicz & Associates Financial Services Inc’s holdings, making the stock its 11th largest holding. Hapanowicz & Associates Financial Services Inc’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $2,328,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Orgel Wealth Management LLC raised its position in NYLI MacKay Shields Municipal Intermediate ETF by 3.7% during the fourth quarter. Orgel Wealth Management LLC now owns 6,325,741 shares of the company’s stock valued at $153,905,000 after purchasing an additional 222,858 shares during the period. Bank of America Corp DE increased its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 10.3% during the 3rd 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 last quarter. Morgan Stanley raised its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 7.0% during the 4th quarter. Morgan Stanley now owns 2,785,502 shares of the company’s stock valued at $67,771,000 after buying an additional 183,188 shares during the period. Meeder Advisory Services Inc. raised its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 9.6% during the 4th quarter. Meeder Advisory Services Inc. now owns 2,260,794 shares of the company’s stock valued at $55,005,000 after buying an additional 197,225 shares during the period. Finally, Schneider Downs Wealth Management Advisors LP lifted its position in NYLI MacKay Shields Municipal Intermediate ETF by 22.0% in the third quarter. Schneider Downs Wealth Management Advisors LP now owns 2,242,166 shares of the company’s stock worth $54,485,000 after buying an additional 403,900 shares during the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Stock Performance

MMIT stock opened at $24.37 on Tuesday. NYLI MacKay Shields Municipal Intermediate ETF has a twelve month low of $23.68 and a twelve month high of $24.77. The firm’s fifty day simple moving average is $24.30 and its two-hundred day simple moving average is $24.38.

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.