Janney Capital Management LLC Sells 1,387 Shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT)

Janney Capital Management LLC decreased its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 2.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 59,907 shares of the company’s stock after selling 1,387 shares during the period. Janney Capital Management LLC’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $1,438,000 at the end of the most recent quarter.

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

NYLI MacKay Shields Municipal Intermediate ETF Stock Performance

Shares of MMIT stock opened at $24.12 on Thursday. The firm has a fifty day simple moving average of $24.18 and a two-hundred day simple moving average of $24.31. NYLI MacKay Shields Municipal Intermediate ETF has a 12 month low of $23.76 and a 12 month high of $24.65.

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.