Waverly Advisors LLC Purchases Shares of 573,580 NYLI MacKay Shields Municipal Intermediate ETF $MMIT

Waverly Advisors LLC acquired a new stake in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) in the 2nd quarter, Holdings Channel reports. The firm acquired 573,580 shares of the company’s stock, valued at approximately $13,967,000.

A number of other large investors have also recently made changes to their positions in MMIT. Mariner LLC raised its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 1,689.0% in the third quarter. Mariner LLC now owns 1,181,175 shares of the company’s stock valued at $28,703,000 after acquiring an additional 1,115,151 shares in the last quarter. Meeder Advisory Services Inc. lifted its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 30.3% during the 1st quarter. Meeder Advisory Services Inc. now owns 2,944,732 shares of the company’s stock worth $70,983,000 after purchasing an additional 683,938 shares during the last quarter. Bank of America Corp DE grew its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 8.2% during the first quarter. Bank of America Corp DE now owns 6,215,015 shares of the company’s stock worth $149,813,000 after purchasing an additional 471,765 shares in the last quarter. Schneider Downs Wealth Management Advisors LP increased its holdings 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 valued at $54,485,000 after buying an additional 403,900 shares during the last quarter. Finally, Flputnam Investment Management Co. raised its stake in NYLI MacKay Shields Municipal Intermediate ETF by 438.1% in the fourth quarter. Flputnam Investment Management Co. now owns 463,899 shares of the company’s stock valued at $11,287,000 after buying an additional 377,693 shares in the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Trading Down 0.0%

MMIT opened at $23.65 on Wednesday. NYLI MacKay Shields Municipal Intermediate ETF has a one year low of $23.63 and a one year high of $24.77. The business’s 50-day simple moving average is $24.05 and its 200-day simple moving average is $24.24.

NYLI MacKay Shields Municipal Intermediate ETF Company 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.