Meeder Advisory Services Inc. Purchases 683,938 Shares of NYLI MacKay Shields Municipal Intermediate ETF $MMIT

Meeder Advisory Services Inc. boosted its holdings in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 30.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,944,732 shares of the company’s stock after acquiring an additional 683,938 shares during the quarter. NYLI MacKay Shields Municipal Intermediate ETF comprises about 3.0% of Meeder Advisory Services Inc.’s investment portfolio, making the stock its 6th biggest holding. Meeder Advisory Services Inc. owned 4.54% of NYLI MacKay Shields Municipal Intermediate ETF worth $70,983,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. CWM LLC bought a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF in the 4th quarter worth approximately $26,000. CIBC Private Wealth Group LLC bought a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF in the fourth quarter valued at $27,000. BOKF NA acquired a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF during the 3rd quarter valued at $53,000. Root Financial Partners LLC bought a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF during the 4th quarter worth $83,000. Finally, Northwestern Mutual Wealth Management Co. boosted 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 worth $97,000 after acquiring an additional 584 shares in the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Price Performance

Shares of NYSEARCA MMIT opened at $24.20 on Monday. NYLI MacKay Shields Municipal Intermediate ETF has a 12 month low of $23.68 and a 12 month high of $24.77. The business has a fifty day simple moving average of $24.29 and a 200-day simple 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.