Saxon Interests Inc. decreased its stake in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Free Report) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,995 shares of the company’s stock after selling 731 shares during the period. Saxon Interests Inc. owned 0.11% of NYLI MacKay Shields Municipal Intermediate ETF worth $744,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MMIT. Farther Finance Advisors LLC raised its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 36.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,420 shares of the company’s stock worth $84,000 after purchasing an additional 922 shares during the period. Sunpointe LLC bought a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF in the third quarter valued at $208,000. Rockefeller Capital Management L.P. purchased a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF during the 3rd quarter valued at $480,000. Synovus Financial Corp bought a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF during the 3rd quarter worth $488,000. Finally, Jane Street Group LLC purchased a new stake in NYLI MacKay Shields Municipal Intermediate ETF in the 3rd quarter worth about $547,000.
NYLI MacKay Shields Municipal Intermediate ETF Stock Up 0.2 %
NYSEARCA MMIT opened at $24.04 on Friday. NYLI MacKay Shields Municipal Intermediate ETF has a 52 week low of $23.76 and a 52 week high of $24.65. The firm’s 50-day simple moving average is $24.20 and its two-hundred day simple moving average is $24.31.
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.
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