Schneider Downs Wealth Management Advisors LP Buys 80,973 Shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT)

Schneider Downs Wealth Management Advisors LP raised its stake in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 5.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,521,376 shares of the company’s stock after buying an additional 80,973 shares during the period. NYLI MacKay Shields Municipal Intermediate ETF makes up 6.9% of Schneider Downs Wealth Management Advisors LP’s investment portfolio, making the stock its 4th biggest position. Schneider Downs Wealth Management Advisors LP owned about 0.06% of NYLI MacKay Shields Municipal Intermediate ETF worth $36,528,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its position in NYLI MacKay Shields Municipal Intermediate ETF by 2.3% in the fourth quarter. Bank of New York Mellon Corp now owns 307,219 shares of the company’s stock valued at $7,376,000 after buying an additional 7,027 shares in the last quarter. Pine Valley Investments Ltd Liability Co bought a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF during the fourth quarter valued at $642,000. Private Advisor Group LLC raised its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 194.5% during the fourth quarter. Private Advisor Group LLC now owns 129,455 shares of the company’s stock valued at $3,108,000 after acquiring an additional 85,492 shares during the last quarter. Fortis Group Advisors LLC raised its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 12.2% during the fourth quarter. Fortis Group Advisors LLC now owns 42,443 shares of the company’s stock valued at $1,019,000 after acquiring an additional 4,605 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 17.0% during the fourth quarter. Sanctuary Advisors LLC now owns 189,771 shares of the company’s stock valued at $4,591,000 after acquiring an additional 27,627 shares during the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Stock Up 0.1 %

MMIT stock opened at $24.34 on Thursday. The company has a fifty day moving average price of $24.10 and a 200-day moving average price of $24.28. NYLI MacKay Shields Municipal Intermediate ETF has a 52-week low of $23.76 and a 52-week 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.