Hapanowicz & Associates Financial Services Inc Purchases Shares of 61,704 NYLI MacKay Shields Municipal Intermediate ETF $MMIT

Hapanowicz & Associates Financial Services Inc purchased a new stake in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) in the 4th quarter, Holdings Channel.com reports. The fund purchased 61,704 shares of the company’s stock, valued at approximately $1,501,000. NYLI MacKay Shields Municipal Intermediate ETF comprises about 0.6% of Hapanowicz & Associates Financial Services Inc’s portfolio, making the stock its 11th largest holding.

Other institutional investors also recently bought and sold shares of the company. CWM LLC acquired a new position in NYLI MacKay Shields Municipal Intermediate ETF in the 4th quarter valued at $26,000. BOKF NA purchased a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF during the 3rd quarter valued at $53,000. Root Financial Partners LLC purchased a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF during the 4th quarter valued at $83,000. Rossby Financial LCC purchased a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF during the 3rd quarter valued at $95,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 16.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,056 shares of the company’s stock valued at $97,000 after buying an additional 584 shares during the period.

NYLI MacKay Shields Municipal Intermediate ETF Price Performance

Shares of NYSEARCA MMIT opened at $24.31 on Friday. NYLI MacKay Shields Municipal Intermediate ETF has a 52-week low of $23.62 and a 52-week high of $24.77. The firm has a fifty day moving average of $24.26 and a 200-day moving average of $24.38.

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.