NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) Stake Trimmed by Narus Financial Partners LLC

Narus Financial Partners LLC lowered its position in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 44.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,320 shares of the company’s stock after selling 34,390 shares during the quarter. Narus Financial Partners LLC owned 0.16% of NYLI MacKay Shields Municipal Intermediate ETF worth $1,016,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC boosted its position in shares of 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 buying an additional 922 shares during the period. Rockefeller Capital Management L.P. purchased a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF during the third quarter worth $480,000. Jane Street Group LLC purchased a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF during the 3rd quarter worth about $547,000. JPMorgan Chase & Co. lifted its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 28.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 90,846 shares of the company’s stock valued at $2,235,000 after buying an additional 20,081 shares during the last quarter. Finally, Park Avenue Securities LLC grew its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 34.1% in the 4th quarter. Park Avenue Securities LLC now owns 41,498 shares of the company’s stock valued at $996,000 after buying an additional 10,556 shares in the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Price Performance

MMIT stock opened at $24.19 on Friday. The firm has a 50 day moving average of $24.17 and a two-hundred day moving average of $24.30. NYLI MacKay Shields Municipal Intermediate ETF has a 12 month low of $23.76 and a 12 month high of $24.65.

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.