NYLI MacKay Shields Municipal Intermediate ETF $MMIT Stock Position Boosted by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. raised its holdings in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 8.0% during the third quarter, Holdings Channel reports. The institutional investor owned 2,063,569 shares of the company’s stock after buying an additional 153,508 shares during the period. NYLI MacKay Shields Municipal Intermediate ETF makes up about 2.3% of Meeder Advisory Services Inc.’s holdings, making the stock its 8th largest position. Meeder Advisory Services Inc.’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $50,145,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MMIT. Orgel Wealth Management LLC boosted its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 3.3% during the 3rd quarter. Orgel Wealth Management LLC now owns 6,102,883 shares of the company’s stock worth $148,300,000 after acquiring an additional 193,657 shares in the last quarter. Bank of America Corp DE boosted its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 9.7% in the second quarter. Bank of America Corp DE now owns 4,543,656 shares of the company’s stock valued at $108,366,000 after purchasing an additional 402,061 shares in the last quarter. Schneider Downs Wealth Management Advisors LP boosted its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 4.4% in the second quarter. Schneider Downs Wealth Management Advisors LP now owns 1,838,266 shares of the company’s stock valued at $43,843,000 after purchasing an additional 77,484 shares in the last quarter. Cetera Investment Advisers increased its stake in NYLI MacKay Shields Municipal Intermediate ETF by 2.3% in the second quarter. Cetera Investment Advisers now owns 1,702,735 shares of the company’s stock valued at $40,610,000 after purchasing an additional 38,395 shares during the last quarter. Finally, TruWealth Advisors LLC raised its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 1.3% during the second quarter. TruWealth Advisors LLC now owns 691,196 shares of the company’s stock worth $16,485,000 after purchasing an additional 9,178 shares in the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Stock Performance

Shares of NYSEARCA:MMIT opened at $24.46 on Monday. The firm has a 50 day simple moving average of $24.35 and a 200-day simple moving average of $24.14. NYLI MacKay Shields Municipal Intermediate ETF has a twelve month low of $22.99 and a twelve month high of $24.50.

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.