New York Life Insurance Co. Takes Position in NYLI MacKay Muni Short Duration ETF $MMSD

New York Life Insurance Co. bought a new position in shares of NYLI MacKay Muni Short Duration ETF (NYSEARCA:MMSD) during the second quarter, HoldingsChannel reports. The institutional investor bought 995,000 shares of the company’s stock, valued at approximately $25,144,000. NYLI MacKay Muni Short Duration ETF comprises 7.2% of New York Life Insurance Co.’s portfolio, making the stock its 4th biggest position. New York Life Insurance Co. owned 0.90% of NYLI MacKay Muni Short Duration ETF at the end of the most recent reporting period.

NYLI MacKay Muni Short Duration ETF Price Performance

Shares of NYSEARCA MMSD opened at $25.36 on Wednesday. NYLI MacKay Muni Short Duration ETF has a twelve month low of $24.99 and a twelve month high of $25.72. The firm has a 50-day moving average of $25.44 and a two-hundred day moving average of $25.35.

NYLI MacKay Muni Short Duration ETF Profile

The NYLI MacKay Muni Short Duration ETF (MMSD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking current income exempt from federal tax through primarily investment grade municipal bonds. The fund incorporates ESG risk assessments into its strategy while maintaining an average portfolio duration of 1-3 years.