NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) Shares Purchased by Fortis Group Advisors LLC

Fortis Group Advisors LLC lifted its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 12.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,443 shares of the company’s stock after buying an additional 4,605 shares during the quarter. Fortis Group Advisors LLC owned about 0.16% of NYLI MacKay Shields Municipal Intermediate ETF worth $1,019,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Farther Finance Advisors LLC grew its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 36.9% during the third quarter. Farther Finance Advisors LLC now owns 3,420 shares of the company’s stock worth $84,000 after purchasing an additional 922 shares during the last quarter. Bill Few Associates Inc. acquired a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF in the 4th quarter valued at $315,000. Curran Financial Partners LLC purchased a new stake in NYLI MacKay Shields Municipal Intermediate ETF in the 4th quarter valued at $330,000. Rockefeller Capital Management L.P. acquired a new stake in NYLI MacKay Shields Municipal Intermediate ETF during the 3rd quarter worth $480,000. Finally, Synovus Financial Corp acquired a new position in NYLI MacKay Shields Municipal Intermediate ETF in the third quarter valued at $488,000.

NYLI MacKay Shields Municipal Intermediate ETF Price Performance

NYSEARCA MMIT opened at $24.14 on Tuesday. NYLI MacKay Shields Municipal Intermediate ETF has a 52-week low of $23.76 and a 52-week high of $24.65. The business’s 50-day moving average price is $24.11 and its 200 day moving average price is $24.29.

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.