Park Avenue Securities LLC Raises Stock Position in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT)

Park Avenue Securities LLC increased its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 34.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,498 shares of the company’s stock after purchasing an additional 10,556 shares during the period. Park Avenue Securities LLC owned approximately 0.15% of NYLI MacKay Shields Municipal Intermediate ETF worth $996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 36.9% during the third quarter. Farther Finance Advisors LLC now owns 3,420 shares of the company’s stock worth $84,000 after purchasing an additional 922 shares during the last quarter. Sunpointe LLC purchased a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF during the third quarter worth $208,000. Rockefeller Capital Management L.P. purchased a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF during the third quarter worth $480,000. Synovus Financial Corp purchased a new position in NYLI MacKay Shields Municipal Intermediate ETF in the third quarter valued at $488,000. Finally, Jane Street Group LLC purchased a new position in NYLI MacKay Shields Municipal Intermediate ETF in the third quarter valued at $547,000.

NYLI MacKay Shields Municipal Intermediate ETF Stock Up 0.3 %

MMIT opened at $24.05 on Tuesday. NYLI MacKay Shields Municipal Intermediate ETF has a fifty-two week low of $23.76 and a fifty-two week high of $24.65. The company has a fifty day moving average of $24.19 and a two-hundred day moving average of $24.31.

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.