New York Life Investment Management LLC Sells 38,719,946 Shares of NYLIM MacKay California Municipal Intermediate ETF $MMCA

New York Life Investment Management LLC trimmed its stake in NYLIM MacKay California Municipal Intermediate ETF (NYSEARCA:MMCA) by 95.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,636,593 shares of the company’s stock after selling 38,719,946 shares during the period. New York Life Investment Management LLC owned approximately 0.34% of NYLIM MacKay California Municipal Intermediate ETF worth $33,509,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. SeaCrest Wealth Management LLC grew its stake in NYLIM MacKay California Municipal Intermediate ETF by 13.4% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 16,922 shares of the company’s stock worth $346,000 after acquiring an additional 1,994 shares in the last quarter. Physician Wealth Advisors Inc. increased its position in shares of NYLIM MacKay California Municipal Intermediate ETF by 149.8% during the third quarter. Physician Wealth Advisors Inc. now owns 6,462 shares of the company’s stock worth $132,000 after acquiring an additional 3,875 shares during the period. Avantax Planning Partners Inc. raised its stake in shares of NYLIM MacKay California Municipal Intermediate ETF by 82.2% during the first quarter. Avantax Planning Partners Inc. now owns 27,345 shares of the company’s stock valued at $590,000 after acquiring an additional 12,339 shares in the last quarter. Sprinkle Financial Consultants LLC bought a new stake in shares of NYLIM MacKay California Municipal Intermediate ETF during the second quarter valued at approximately $309,000. Finally, Cetera Investment Advisers raised its stake in shares of NYLIM MacKay California Municipal Intermediate ETF by 453.1% during the first quarter. Cetera Investment Advisers now owns 125,878 shares of the company’s stock valued at $2,714,000 after acquiring an additional 103,118 shares in the last quarter.

NYLIM MacKay California Municipal Intermediate ETF Trading Down 0.3%

Shares of NYSEARCA MMCA opened at $21.33 on Wednesday. The stock has a 50 day moving average price of $20.92 and a 200 day moving average price of $21.54. NYLIM MacKay California Municipal Intermediate ETF has a 52-week low of $20.37 and a 52-week high of $22.26.

About NYLIM MacKay California Municipal Intermediate ETF

The IQ MacKay California Municipal Intermediate ETF (MMCA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests primarily in investment-grade, intermediate-term municipal bonds that are exempt from federal and California income taxes. MMCA was launched on Dec 21, 2021 and is managed by IndexIQ.