NYLI MacKay Shields Municipal Intermediate ETF $MMIT Shares Bought by Cornerstone Advisors Asset Management LLC

Cornerstone Advisors Asset Management LLC grew its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 9.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 557,697 shares of the company’s stock after purchasing an additional 46,343 shares during the period. NYLI MacKay Shields Municipal Intermediate ETF makes up about 2.1% of Cornerstone Advisors Asset Management LLC’s holdings, making the stock its 14th largest position. Cornerstone Advisors Asset Management LLC’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $13,443,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in MMIT. Bank of America Corp DE increased its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 10.3% in the 3rd quarter. Bank of America Corp DE now owns 5,013,103 shares of the company’s stock valued at $121,818,000 after purchasing an additional 469,447 shares in the last quarter. Meeder Advisory Services Inc. boosted its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 30.3% during the first quarter. Meeder Advisory Services Inc. now owns 2,944,732 shares of the company’s stock worth $70,983,000 after buying an additional 683,938 shares in the last quarter. Morgan Stanley grew its position in NYLI MacKay Shields Municipal Intermediate ETF by 7.0% during the fourth quarter. Morgan Stanley now owns 2,785,502 shares of the company’s stock worth $67,771,000 after buying an additional 183,188 shares during the period. Schneider Downs Wealth Management Advisors LP increased its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 22.0% in the third quarter. Schneider Downs Wealth Management Advisors LP now owns 2,242,166 shares of the company’s stock valued at $54,485,000 after buying an additional 403,900 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 15.0% in the fourth quarter. LPL Financial LLC now owns 2,046,660 shares of the company’s stock valued at $49,795,000 after buying an additional 267,079 shares in the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Stock Performance

MMIT stock opened at $24.20 on Monday. The firm has a 50 day moving average of $24.29 and a 200-day moving average of $24.38. NYLI MacKay Shields Municipal Intermediate ETF has a 12-month low of $23.68 and a 12-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.