Bernardo Wealth Planning LLC reduced its position in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Free Report) by 13.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 169,895 shares of the company’s stock after selling 25,454 shares during the period. NYLI MacKay Shields Municipal Intermediate ETF comprises approximately 1.0% of Bernardo Wealth Planning LLC’s holdings, making the stock its 25th largest position. Bernardo Wealth Planning LLC’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $4,062,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 36.9% in the third 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 last quarter. Sunpointe LLC purchased a new position in NYLI MacKay Shields Municipal Intermediate ETF in the 3rd quarter worth about $208,000. Rockefeller Capital Management L.P. purchased a new position in NYLI MacKay Shields Municipal Intermediate ETF in the 3rd quarter worth about $480,000. Synovus Financial Corp purchased a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF during the 3rd quarter valued at about $488,000. Finally, Jane Street Group LLC purchased a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF during the 3rd quarter valued at about $547,000.
NYLI MacKay Shields Municipal Intermediate ETF Price Performance
MMIT opened at $24.05 on Friday. The firm has a 50 day moving average price of $24.19 and a 200-day moving average price of $24.31. NYLI MacKay Shields Municipal Intermediate ETF has a twelve month low of $23.76 and a twelve month high of $24.65.
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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