Cetera Investment Advisers Purchases 107,132 Shares of NYLI MacKay Shields Municipal Intermediate ETF $MMIT

Cetera Investment Advisers lifted its position in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 5.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,053,468 shares of the company’s stock after purchasing an additional 107,132 shares during the quarter. Cetera Investment Advisers’ holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $49,499,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Bank of America Corp DE grew its position in NYLI MacKay Shields Municipal Intermediate ETF by 10.3% in the 3rd quarter. Bank of America Corp DE now owns 5,013,103 shares of the company’s stock valued at $121,818,000 after purchasing an additional 469,447 shares during the period. Meeder Advisory Services Inc. raised its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 30.3% during the first quarter. Meeder Advisory Services Inc. now owns 2,944,732 shares of the company’s stock worth $70,983,000 after buying an additional 683,938 shares during the last quarter. Morgan Stanley raised its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 7.0% during the fourth quarter. Morgan Stanley now owns 2,785,502 shares of the company’s stock worth $67,771,000 after buying an additional 183,188 shares during the last quarter. Schneider Downs Wealth Management Advisors LP lifted its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 22.0% in the third quarter. Schneider Downs Wealth Management Advisors LP now owns 2,242,166 shares of the company’s stock valued at $54,485,000 after buying an additional 403,900 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 15.0% in the fourth quarter. LPL Financial LLC now owns 2,046,660 shares of the company’s stock valued at $49,795,000 after buying an additional 267,079 shares in the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Trading Up 0.1%

Shares of NYSEARCA MMIT opened at $23.96 on Friday. The company has a 50-day moving average price of $24.27 and a 200-day moving average price of $24.37. NYLI MacKay Shields Municipal Intermediate ETF has a 1 year low of $23.70 and a 1 year high of $24.77.

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. MMIT was launched on Oct 18, 2017 and is managed by IndexIQ.