Kennebec Savings Bank Increases Holdings in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT)

Kennebec Savings Bank raised its position in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 8,679.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,534 shares of the company’s stock after acquiring an additional 50,947 shares during the quarter. NYLI MacKay Shields Municipal Intermediate ETF accounts for about 1.2% of Kennebec Savings Bank’s investment portfolio, making the stock its 20th largest holding. Kennebec Savings Bank’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $1,233,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MMIT. Landmark Wealth Management LLC boosted its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 4.0% during the 4th quarter. Landmark Wealth Management LLC now owns 68,916 shares of the company’s stock valued at $1,655,000 after buying an additional 2,665 shares during the last quarter. Curran Financial Partners LLC bought a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF during the fourth quarter valued at approximately $330,000. Cypress Point Wealth Management LLC increased its position in NYLI MacKay Shields Municipal Intermediate ETF by 3.0% in the fourth quarter. Cypress Point Wealth Management LLC now owns 132,458 shares of the company’s stock worth $3,180,000 after buying an additional 3,920 shares during the period. Dynamic Advisor Solutions LLC raised its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 58.1% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 406,994 shares of the company’s stock valued at $9,772,000 after buying an additional 149,508 shares during the last quarter. Finally, Smallwood Wealth Investment Management LLC boosted its position in NYLI MacKay Shields Municipal Intermediate ETF by 110.1% during the 4th quarter. Smallwood Wealth Investment Management LLC now owns 86,051 shares of the company’s stock worth $2,066,000 after acquiring an additional 45,095 shares during the period.

NYLI MacKay Shields Municipal Intermediate ETF Trading Up 0.1 %

Shares of MMIT opened at $24.19 on Friday. The firm has a 50-day moving average price of $24.17 and a 200 day moving average price of $24.30. NYLI MacKay Shields Municipal Intermediate ETF has a 52-week low of $23.76 and a 52-week high of $24.65.

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.