Avantax Planning Partners Inc. Reduces Stock Position in NYLI MacKay Shields Municipal Intermediate ETF $MMIT

Avantax Planning Partners Inc. lessened its position in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 85.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 190,275 shares of the company’s stock after selling 1,130,340 shares during the period. Avantax Planning Partners Inc. owned 0.39% of NYLI MacKay Shields Municipal Intermediate ETF worth $4,624,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada grew its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 12.5% in the first quarter. Royal Bank of Canada now owns 97,836 shares of the company’s stock worth $2,345,000 after purchasing an additional 10,902 shares during the last quarter. Jane Street Group LLC lifted its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 128.9% in the 1st quarter. Jane Street Group LLC now owns 437,354 shares of the company’s stock worth $10,483,000 after buying an additional 246,326 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 59.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 23,656 shares of the company’s stock worth $563,000 after buying an additional 8,813 shares during the last quarter. Truist Financial Corp increased its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 1.0% during the second quarter. Truist Financial Corp now owns 288,933 shares of the company’s stock valued at $6,891,000 after buying an additional 2,802 shares during the period. Finally, Vicus Capital raised its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 35.2% during the second quarter. Vicus Capital now owns 308,869 shares of the company’s stock valued at $7,367,000 after acquiring an additional 80,339 shares in the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Trading Up 0.1%

NYSEARCA:MMIT opened at $24.48 on Monday. The firm’s fifty day simple moving average is $24.38 and its 200 day simple moving average is $24.19. NYLI MacKay Shields Municipal Intermediate ETF has a twelve month low of $22.99 and a twelve month high of $24.57.

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. MMIT was launched on Oct 18, 2017 and is managed by IndexIQ.