Burt Wealth Advisors Has $732,000 Stock Position in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT)

Burt Wealth Advisors trimmed its position in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 7.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,480 shares of the company’s stock after selling 2,300 shares during the quarter. Burt Wealth Advisors owned 0.11% of NYLI MacKay Shields Municipal Intermediate ETF worth $732,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Schneider Downs Wealth Management Advisors LP increased its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 5.6% during the 4th quarter. Schneider Downs Wealth Management Advisors LP now owns 1,521,376 shares of the company’s stock worth $36,528,000 after purchasing an additional 80,973 shares in the last quarter. TruWealth Advisors LLC grew its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 2.0% in the 4th quarter. TruWealth Advisors LLC now owns 655,457 shares of the company’s stock worth $15,738,000 after acquiring an additional 12,906 shares in the last quarter. Great Valley Advisor Group Inc. lifted its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 4.0% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 410,816 shares of the company’s stock worth $10,106,000 after buying an additional 15,722 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 58.1% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 406,994 shares of the company’s stock worth $9,772,000 after buying an additional 149,508 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 69.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 362,707 shares of the company’s stock valued at $8,709,000 after acquiring an additional 148,365 shares in the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Stock Performance

Shares of NYSEARCA:MMIT opened at $24.32 on Tuesday. NYLI MacKay Shields Municipal Intermediate ETF has a 1 year low of $23.76 and a 1 year high of $24.65. The business has a fifty day moving average price of $24.11 and a two-hundred day moving average price of $24.28.

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.