Envestnet Asset Management Inc. Buys 45,868 Shares of NYLI MacKay Shields Municipal Intermediate ETF $MMIT

Envestnet Asset Management Inc. lifted its stake in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 8.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 589,199 shares of the company’s stock after buying an additional 45,868 shares during the quarter. Envestnet Asset Management Inc.’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $14,052,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. purchased a new stake in NYLI MacKay Shields Municipal Intermediate ETF in the first quarter worth about $83,000. AE Wealth Management LLC purchased a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF during the 1st quarter worth approximately $230,000. Synovus Financial Corp raised its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 11.1% in the 1st quarter. Synovus Financial Corp now owns 11,095 shares of the company’s stock worth $266,000 after acquiring an additional 1,110 shares in the last quarter. Vertex Planning Partners LLC raised its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 8.4% in the 1st quarter. Vertex Planning Partners LLC now owns 11,335 shares of the company’s stock worth $272,000 after acquiring an additional 878 shares in the last quarter. Finally, Lokken Investment Group LLC lifted its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 52.2% in the 2nd quarter. Lokken Investment Group LLC now owns 15,410 shares of the company’s stock valued at $368,000 after purchasing an additional 5,283 shares during the period.

NYLI MacKay Shields Municipal Intermediate ETF Stock Performance

NYSEARCA MMIT opened at $24.35 on Friday. The stock’s 50 day moving average is $24.26 and its 200 day moving average is $23.95. NYLI MacKay Shields Municipal Intermediate ETF has a twelve month low of $22.99 and a twelve month high of $24.52.

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.