Waverly Advisors LLC Acquires New Stake in NYLI MacKay Shields Municipal Intermediate ETF $MMIT

Waverly Advisors LLC bought a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 573,580 shares of the company’s stock, valued at approximately $13,967,000. Waverly Advisors LLC owned approximately 0.94% of NYLI MacKay Shields Municipal Intermediate ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MMIT. Mariner LLC grew its position in NYLI MacKay Shields Municipal Intermediate ETF by 1,689.0% in the 3rd quarter. Mariner LLC now owns 1,181,175 shares of the company’s stock valued at $28,703,000 after acquiring an additional 1,115,151 shares in the last quarter. Meeder Advisory Services Inc. boosted its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 30.3% in the first quarter. Meeder Advisory Services Inc. now owns 2,944,732 shares of the company’s stock valued at $70,983,000 after purchasing an additional 683,938 shares during the period. Bank of America Corp DE boosted its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 8.2% in the first quarter. Bank of America Corp DE now owns 6,215,015 shares of the company’s stock valued at $149,813,000 after purchasing an additional 471,765 shares during the period. Schneider Downs Wealth Management Advisors LP grew its holdings 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 purchasing an additional 403,900 shares in the last quarter. Finally, Flputnam Investment Management Co. grew its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 438.1% in the fourth quarter. Flputnam Investment Management Co. now owns 463,899 shares of the company’s stock valued at $11,287,000 after purchasing an additional 377,693 shares in the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Stock Down 0.0%

Shares of MMIT opened at $23.65 on Wednesday. NYLI MacKay Shields Municipal Intermediate ETF has a fifty-two week low of $23.63 and a fifty-two week high of $24.77. The firm’s 50 day moving average price is $24.05 and its 200 day moving average price is $24.24.

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