Cornerstone Advisors Asset Management LLC Has $10.54 Million Stock Position in NYLI MacKay Shields Municipal Intermediate ETF $MMIT

Cornerstone Advisors Asset Management LLC lessened its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 6.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 433,952 shares of the company’s stock after selling 29,471 shares during the period. NYLI MacKay Shields Municipal Intermediate ETF comprises approximately 1.8% of Cornerstone Advisors Asset Management LLC’s investment portfolio, making the stock its 15th largest holding. Cornerstone Advisors Asset Management LLC owned 0.88% of NYLI MacKay Shields Municipal Intermediate ETF worth $10,544,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Royal Bank of Canada increased its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 12.5% during the 1st 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 grew its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 128.9% in the first quarter. Jane Street Group LLC now owns 437,354 shares of the company’s stock valued at $10,483,000 after buying an additional 246,326 shares in the last quarter. Truist Financial Corp increased its holdings in 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 worth $6,891,000 after buying an additional 2,802 shares during the last quarter. Lokken Investment Group LLC raised its position in NYLI MacKay Shields Municipal Intermediate ETF by 52.2% during the second quarter. Lokken Investment Group LLC now owns 15,410 shares of the company’s stock worth $368,000 after acquiring an additional 5,283 shares in the last quarter. Finally, Atria Wealth Solutions Inc. raised its position in NYLI MacKay Shields Municipal Intermediate ETF by 15.8% during the second quarter. Atria Wealth Solutions Inc. now owns 31,248 shares of the company’s stock worth $745,000 after acquiring an additional 4,265 shares in the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Trading Up 0.1%

Shares of MMIT stock opened at $24.49 on Tuesday. The company has a fifty day moving average price of $24.40 and a two-hundred day moving average price of $24.22. NYLI MacKay Shields Municipal Intermediate ETF has a one year low of $22.99 and a one year high of $24.57.

NYLI MacKay Shields Municipal Intermediate ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, February 3rd. Investors of record on Friday, January 30th will be issued a dividend of $0.0733 per share. The ex-dividend date is Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 3.6%.

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