Financial Counselors Inc. Acquires 23,474 Shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT)

Financial Counselors Inc. increased its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 9.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 272,889 shares of the company’s stock after purchasing an additional 23,474 shares during the quarter. Financial Counselors Inc. owned 1.01% of NYLI MacKay Shields Municipal Intermediate ETF worth $6,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Schneider Downs Wealth Management Advisors LP lifted its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 12.8% in the third quarter. Schneider Downs Wealth Management Advisors LP now owns 1,440,403 shares of the company’s stock valued at $35,434,000 after acquiring an additional 163,060 shares during the period. Pallas Capital Advisors LLC lifted its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 5.5% in the third quarter. Pallas Capital Advisors LLC now owns 1,000,528 shares of the company’s stock valued at $24,223,000 after acquiring an additional 51,904 shares during the period. TruWealth Advisors LLC lifted its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 7.4% in the third quarter. TruWealth Advisors LLC now owns 642,551 shares of the company’s stock valued at $15,807,000 after acquiring an additional 44,203 shares during the period. Smallwood Wealth Investment Management LLC bought a new position in NYLI MacKay Shields Municipal Intermediate ETF in the third quarter valued at about $1,008,000. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 18.6% in the second quarter. Massmutual Trust Co. FSB ADV now owns 190,347 shares of the company’s stock valued at $4,603,000 after acquiring an additional 29,883 shares during the period.

NYLI MacKay Shields Municipal Intermediate ETF Stock Up 0.4 %

NYSEARCA MMIT opened at $24.43 on Friday. The stock’s 50-day moving average price is $24.35 and its 200-day moving average price is $24.31. NYLI MacKay Shields Municipal Intermediate ETF has a 52 week low of $23.91 and a 52 week high of $24.71.

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.