Sequoia Financial Advisors LLC Sells 2,180 Shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT)

Sequoia Financial Advisors LLC trimmed its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 14.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,364 shares of the company’s stock after selling 2,180 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $329,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. AdvisorNet Financial Inc boosted its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 2.1% in the 2nd quarter. AdvisorNet Financial Inc now owns 43,614 shares of the company’s stock worth $1,055,000 after purchasing an additional 883 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF in the 2nd quarter worth about $61,000. BCS Wealth Management boosted its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 11.0% in the 3rd quarter. BCS Wealth Management now owns 41,721 shares of the company’s stock worth $1,026,000 after purchasing an additional 4,144 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 2.5% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 257,486 shares of the company’s stock worth $6,334,000 after purchasing an additional 6,373 shares in the last quarter. Finally, Sunpointe LLC purchased a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF in the 3rd quarter worth about $208,000.

NYLI MacKay Shields Municipal Intermediate ETF Stock Performance

Shares of MMIT stock opened at $24.23 on Tuesday. NYLI MacKay Shields Municipal Intermediate ETF has a 1-year low of $23.23 and a 1-year high of $24.71. The business has a 50-day moving average of $24.45 and a 200 day moving average of $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.