Brady Martz Wealth Solutions LLC Takes Position in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT)

Brady Martz Wealth Solutions LLC purchased a new position in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) in the fourth quarter, Holdings Channel reports. The fund purchased 240,318 shares of the company’s stock, valued at approximately $5,751,000. NYLI MacKay Shields Municipal Intermediate ETF accounts for approximately 1.4% of Brady Martz Wealth Solutions LLC’s investment portfolio, making the stock its 14th biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV increased its stake in NYLI MacKay Shields Municipal Intermediate ETF by 12.6% during the third quarter. Massmutual Trust Co. FSB ADV now owns 214,342 shares of the company’s stock valued at $5,273,000 after purchasing an additional 23,995 shares during the last quarter. Dynamic Advisor Solutions LLC raised its stake in NYLI MacKay Shields Municipal Intermediate ETF by 2.5% during the third quarter. Dynamic Advisor Solutions LLC now owns 257,486 shares of the company’s stock worth $6,334,000 after acquiring an additional 6,373 shares during the period. Sunpointe LLC acquired a new position in NYLI MacKay Shields Municipal Intermediate ETF in the third quarter valued at approximately $208,000. Smallwood Wealth Investment Management LLC bought a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF during the third quarter valued at approximately $1,008,000. Finally, TruWealth Advisors LLC raised its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 7.4% during the 3rd quarter. TruWealth Advisors LLC now owns 642,551 shares of the company’s stock worth $15,807,000 after purchasing an additional 44,203 shares during the period.

NYLI MacKay Shields Municipal Intermediate ETF Stock Performance

Shares of MMIT opened at $24.05 on Friday. NYLI MacKay Shields Municipal Intermediate ETF has a 12 month low of $23.76 and a 12 month high of $24.65. The stock has a fifty day moving average price of $24.19 and a 200 day moving average price of $24.31.

About NYLI MacKay Shields Municipal Intermediate ETF

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.