Cornerstone Advisors Asset Management LLC Sells 3,184 Shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT)

Cornerstone Advisors Asset Management LLC decreased its holdings in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 0.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 391,460 shares of the company’s stock after selling 3,184 shares during the period. NYLI MacKay Shields Municipal Intermediate ETF makes up 2.0% of Cornerstone Advisors Asset Management LLC’s portfolio, making the stock its 13th biggest position. Cornerstone Advisors Asset Management LLC’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $9,399,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MMIT. Farther Finance Advisors LLC increased its stake 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 valued at $84,000 after acquiring an additional 922 shares during the period. Bill Few Associates Inc. bought a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF in the 4th quarter valued at approximately $315,000. Curran Financial Partners LLC bought a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF in the 4th quarter valued at approximately $330,000. Rockefeller Capital Management L.P. acquired a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF in the 3rd quarter worth approximately $480,000. Finally, Synovus Financial Corp bought a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF during the 3rd quarter worth approximately $488,000.

NYLI MacKay Shields Municipal Intermediate ETF Trading Down 0.1 %

Shares of NYSEARCA:MMIT opened at $24.12 on Wednesday. The business’s fifty day moving average price is $24.10 and its two-hundred day moving average price is $24.29. NYLI MacKay Shields Municipal Intermediate ETF has a fifty-two week low of $23.76 and a fifty-two week high of $24.65.

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.