New York Life Insurance Co. Buys Shares of 995,000 NYLI MacKay Muni Short Duration ETF $MMSD

New York Life Insurance Co. purchased a new position in NYLI MacKay Muni Short Duration ETF (NYSEARCA:MMSD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 995,000 shares of the company’s stock, valued at approximately $25,144,000. NYLI MacKay Muni Short Duration ETF makes up 7.2% of New York Life Insurance Co.’s investment portfolio, making the stock its 4th biggest holding. New York Life Insurance Co. owned 90.45% of NYLI MacKay Muni Short Duration ETF as of its most recent filing with the Securities & Exchange Commission.

NYLI MacKay Muni Short Duration ETF Stock Down 0.0%

MMSD stock opened at $25.36 on Wednesday. The company has a 50-day simple moving average of $25.44 and a 200 day simple moving average of $25.35. NYLI MacKay Muni Short Duration ETF has a fifty-two week low of $24.99 and a fifty-two week high of $25.72.

NYLI MacKay Muni Short Duration ETF Profile

The NYLI MacKay Muni Short Duration ETF (MMSD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking current income exempt from federal tax through primarily investment grade municipal bonds. The fund incorporates ESG risk assessments into its strategy while maintaining an average portfolio duration of 1-3 years.