Truist Financial Corp Cuts Stake in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT)

Truist Financial Corp trimmed its position in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 0.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 283,870 shares of the company’s stock after selling 1,444 shares during the quarter. Truist Financial Corp’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $6,816,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its position in NYLI MacKay Shields Municipal Intermediate ETF by 36.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,420 shares of the company’s stock valued at $84,000 after purchasing an additional 922 shares during the last quarter. Bill Few Associates Inc. purchased a new stake in NYLI MacKay Shields Municipal Intermediate ETF during the 4th quarter valued at about $315,000. Curran Financial Partners LLC purchased a new stake in NYLI MacKay Shields Municipal Intermediate ETF during the 4th quarter valued at about $330,000. Rockefeller Capital Management L.P. purchased a new stake in NYLI MacKay Shields Municipal Intermediate ETF during the 3rd quarter valued at about $480,000. Finally, Synovus Financial Corp bought a new position in NYLI MacKay Shields Municipal Intermediate ETF during the 3rd quarter valued at about $488,000.

NYLI MacKay Shields Municipal Intermediate ETF Stock Performance

MMIT opened at $24.24 on Friday. The company’s 50-day simple moving average is $24.09 and its two-hundred day simple moving average is $24.29. 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 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.