Private Advisor Group LLC Cuts Stock Holdings in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT)

Private Advisor Group LLC trimmed its position in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 26.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,963 shares of the company’s stock after selling 15,797 shares during the quarter. Private Advisor Group LLC owned approximately 0.16% of NYLI MacKay Shields Municipal Intermediate ETF worth $1,081,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MMIT. Vicus Capital grew its stake in NYLI MacKay Shields Municipal Intermediate ETF by 4.3% in the 3rd quarter. Vicus Capital now owns 206,333 shares of the company’s stock valued at $5,076,000 after acquiring an additional 8,436 shares during the period. Fortis Group Advisors LLC boosted its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 35.4% during the 3rd quarter. Fortis Group Advisors LLC now owns 37,838 shares of the company’s stock valued at $931,000 after acquiring an additional 9,883 shares during the last quarter. BCS Wealth Management boosted its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 11.0% during the 3rd quarter. BCS Wealth Management now owns 41,721 shares of the company’s stock valued at $1,026,000 after acquiring an additional 4,144 shares during the last quarter. TruWealth Advisors LLC boosted its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 7.4% during the 3rd quarter. TruWealth Advisors LLC now owns 642,551 shares of the company’s stock valued at $15,807,000 after acquiring an additional 44,203 shares during the last quarter. Finally, Smallwood Wealth Investment Management LLC purchased a new stake in NYLI MacKay Shields Municipal Intermediate ETF in the 3rd quarter valued at about $1,008,000.

NYLI MacKay Shields Municipal Intermediate ETF Stock Performance

Shares of MMIT opened at $24.12 on Friday. The company’s 50-day moving average price is $24.44 and its 200 day moving average price is $24.29. NYLI MacKay Shields Municipal Intermediate ETF has a 12-month low of $23.32 and a 12-month high of $24.71.

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.