Farther Finance Advisors LLC Makes New Investment in NYLI MacKay Shields Municipal Intermediate ETF $MMIT

Farther Finance Advisors LLC purchased a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 59,533 shares of the company’s stock, valued at approximately $1,448,000. Farther Finance Advisors LLC owned about 0.11% of NYLI MacKay Shields Municipal Intermediate ETF at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Sunpointe LLC bought a new position in NYLI MacKay Shields Municipal Intermediate ETF during the fourth quarter valued at approximately $500,000. Smallwood Wealth Investment Management LLC raised its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 22.3% during the 4th quarter. Smallwood Wealth Investment Management LLC now owns 162,444 shares of the company’s stock valued at $3,952,000 after purchasing an additional 29,619 shares in the last quarter. RFG Bristol Wealth Advisors LLC raised its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 52.2% during the 4th quarter. RFG Bristol Wealth Advisors LLC now owns 26,382 shares of the company’s stock valued at $642,000 after purchasing an additional 9,046 shares in the last quarter. Curran Financial Partners LLC lifted its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 16.7% in the 4th quarter. Curran Financial Partners LLC now owns 42,612 shares of the company’s stock valued at $1,037,000 after purchasing an additional 6,108 shares during the last quarter. Finally, Kennebec Savings Bank boosted its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 486.7% in the fourth quarter. Kennebec Savings Bank now owns 44,053 shares of the company’s stock worth $1,072,000 after purchasing an additional 36,545 shares in the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Price Performance

NYLI MacKay Shields Municipal Intermediate ETF stock opened at $24.39 on Tuesday. NYLI MacKay Shields Municipal Intermediate ETF has a one year low of $23.41 and a one year high of $24.77. The company’s fifty day moving average price is $24.42 and its two-hundred day moving average price is $24.40.

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.