Level Four Advisory Services LLC Sells 1,208 Shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT)

Level Four Advisory Services LLC decreased its position in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,641 shares of the company’s stock after selling 1,208 shares during the quarter. Level Four Advisory Services LLC’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $400,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in NYLI MacKay Shields Municipal Intermediate ETF by 3.3% in the 4th quarter. JPMorgan Chase & Co. now owns 93,827 shares of the company’s stock valued at $2,253,000 after acquiring an additional 2,981 shares in the last quarter. Financial Counselors Inc. increased its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 127.7% in the 4th quarter. Financial Counselors Inc. now owns 621,241 shares of the company’s stock worth $14,916,000 after purchasing an additional 348,352 shares in the last quarter. PKS Advisory Services LLC purchased a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF in the fourth quarter worth $666,000. LPL Financial LLC lifted its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 14.5% during the fourth quarter. LPL Financial LLC now owns 1,185,971 shares of the company’s stock valued at $28,475,000 after purchasing an additional 150,293 shares in the last quarter. Finally, PFG Advisors boosted its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 6.0% during the fourth quarter. PFG Advisors now owns 46,132 shares of the company’s stock valued at $1,108,000 after buying an additional 2,631 shares during the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Price Performance

Shares of NYSEARCA:MMIT opened at $23.97 on Tuesday. The business has a 50-day simple moving average of $24.14 and a two-hundred day simple moving average of $24.23. NYLI MacKay Shields Municipal Intermediate ETF has a fifty-two week low of $23.76 and a fifty-two 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.