Prestige Wealth Management Group LLC Cuts Stock Position in NYLI MacKay Shields Municipal Intermediate ETF $MMIT

Prestige Wealth Management Group LLC lessened its holdings in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 12.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 214,452 shares of the company’s stock after selling 31,774 shares during the period. NYLI MacKay Shields Municipal Intermediate ETF accounts for approximately 1.0% of Prestige Wealth Management Group LLC’s holdings, making the stock its 22nd biggest position. Prestige Wealth Management Group LLC owned about 0.38% of NYLI MacKay Shields Municipal Intermediate ETF worth $5,233,000 at the end of the most recent quarter.

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

NYLI MacKay Shields Municipal Intermediate ETF Stock Performance

Shares of NYLI MacKay Shields Municipal Intermediate ETF stock opened at $24.34 on Friday. The business has a 50-day moving average price of $24.26 and a 200-day moving average price of $24.38. NYLI MacKay Shields Municipal Intermediate ETF has a twelve month low of $23.62 and a twelve month high of $24.77.

NYLI MacKay Shields Municipal Intermediate ETF Company 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.