AdvisorNet Financial Inc lifted its position in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Free Report) by 7.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 49,561 shares of the company’s stock after buying an additional 3,515 shares during the quarter. AdvisorNet Financial Inc’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $1,190,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in NYLI MacKay Shields Municipal Intermediate ETF by 36.9% in the third quarter. Farther Finance Advisors LLC now owns 3,420 shares of the company’s stock worth $84,000 after acquiring an additional 922 shares in the last quarter. Sunpointe LLC acquired a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF in the 3rd quarter valued at $208,000. Rockefeller Capital Management L.P. bought a new stake in NYLI MacKay Shields Municipal Intermediate ETF in the third quarter worth $480,000. Synovus Financial Corp acquired a new position in NYLI MacKay Shields Municipal Intermediate ETF during the third quarter worth $488,000. Finally, Jane Street Group LLC bought a new position in NYLI MacKay Shields Municipal Intermediate ETF during the third quarter valued at about $547,000.
NYLI MacKay Shields Municipal Intermediate ETF Price Performance
Shares of NYSEARCA:MMIT opened at $23.93 on Wednesday. The business has a 50-day moving average of $24.20 and a two-hundred day moving average of $24.32. NYLI MacKay Shields Municipal Intermediate ETF has a fifty-two week low of $23.76 and a fifty-two week high of $24.65.
About NYLI MacKay Shields Municipal Intermediate ETF
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.
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