Prestige Wealth Management Group LLC Reduces Stake in NYLI MacKay Shields Municipal Intermediate ETF $MMIT

Prestige Wealth Management Group LLC lowered its stake in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 12.9% in the 4th quarter, HoldingsChannel reports. The fund owned 214,452 shares of the company’s stock after selling 31,774 shares during the period. NYLI MacKay Shields Municipal Intermediate ETF accounts for approximately 1.0% of Prestige Wealth Management Group LLC’s holdings, making the stock its 22nd largest holding. Prestige Wealth Management Group LLC’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $5,233,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MMIT. Mariner LLC lifted its stake in NYLI MacKay Shields Municipal Intermediate ETF by 1,689.0% in the third quarter. Mariner LLC now owns 1,181,175 shares of the company’s stock worth $28,703,000 after purchasing an additional 1,115,151 shares during the last quarter. Midwest Trust Co lifted its stake in NYLI MacKay Shields Municipal Intermediate ETF by 96.5% in the fourth quarter. Midwest Trust Co now owns 1,277,827 shares of the company’s stock worth $31,090,000 after purchasing an additional 627,505 shares during the last quarter. Bank of America Corp DE lifted its stake in NYLI MacKay Shields Municipal Intermediate ETF by 10.3% in the third quarter. Bank of America Corp DE now owns 5,013,103 shares of the company’s stock worth $121,818,000 after purchasing an additional 469,447 shares during the last quarter. Schneider Downs Wealth Management Advisors LP lifted its stake in NYLI MacKay Shields Municipal Intermediate ETF by 22.0% in the third quarter. Schneider Downs Wealth Management Advisors LP now owns 2,242,166 shares of the company’s stock worth $54,485,000 after purchasing an additional 403,900 shares during the last quarter. Finally, Flputnam Investment Management Co. lifted its stake in NYLI MacKay Shields Municipal Intermediate ETF by 438.1% in the fourth quarter. Flputnam Investment Management Co. now owns 463,899 shares of the company’s stock worth $11,287,000 after purchasing an additional 377,693 shares during the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Price Performance

Shares of NYSEARCA MMIT opened at $24.34 on Friday. NYLI MacKay Shields Municipal Intermediate ETF has a 1 year low of $23.62 and a 1 year high of $24.77. The firm has a 50-day simple moving average of $24.26 and a two-hundred day simple moving average of $24.38.

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.