Envestnet Asset Management Inc. Purchases 28,199 Shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT)

Envestnet Asset Management Inc. boosted its position in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 5.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 543,331 shares of the company’s stock after acquiring an additional 28,199 shares during the period. Envestnet Asset Management Inc. owned 1.58% of NYLI MacKay Shields Municipal Intermediate ETF worth $13,024,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avantax Planning Partners Inc. grew its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 0.4% in the first quarter. Avantax Planning Partners Inc. now owns 692,332 shares of the company’s stock valued at $16,595,000 after purchasing an additional 3,021 shares in the last quarter. DAVENPORT & Co LLC purchased a new position in NYLI MacKay Shields Municipal Intermediate ETF during the first quarter worth $402,000. Clear Creek Financial Management LLC purchased a new position in NYLI MacKay Shields Municipal Intermediate ETF during the first quarter worth $347,000. Smallwood Wealth Investment Management LLC boosted its stake in NYLI MacKay Shields Municipal Intermediate ETF by 14.2% during the first quarter. Smallwood Wealth Investment Management LLC now owns 98,313 shares of the company’s stock worth $2,357,000 after buying an additional 12,262 shares during the period. Finally, Cornerstone Advisors Asset Management LLC boosted its stake in NYLI MacKay Shields Municipal Intermediate ETF by 21.1% during the first quarter. Cornerstone Advisors Asset Management LLC now owns 473,970 shares of the company’s stock worth $11,361,000 after buying an additional 82,510 shares during the period.

NYLI MacKay Shields Municipal Intermediate ETF Stock Performance

MMIT stock opened at $23.69 on Friday. The business has a 50-day moving average price of $23.76 and a 200 day moving average price of $23.90. NYLI MacKay Shields Municipal Intermediate ETF has a 1-year low of $22.99 and a 1-year high of $24.65.

NYLI MacKay Shields Municipal Intermediate ETF Company 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.