NYLI MacKay Shields Municipal Intermediate ETF $MMIT is Meeder Advisory Services Inc.’s 6th Largest Position

Meeder Advisory Services Inc. lifted its holdings in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 30.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,944,732 shares of the company’s stock after acquiring an additional 683,938 shares during the quarter. NYLI MacKay Shields Municipal Intermediate ETF comprises about 3.0% of Meeder Advisory Services Inc.’s investment portfolio, making the stock its 6th largest position. Meeder Advisory Services Inc.’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $70,983,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. CWM LLC purchased a new stake in NYLI MacKay Shields Municipal Intermediate ETF in the 4th quarter worth about $26,000. CIBC Private Wealth Group LLC purchased a new position in NYLI MacKay Shields Municipal Intermediate ETF during the 4th quarter valued at about $27,000. BOKF NA purchased a new position in NYLI MacKay Shields Municipal Intermediate ETF during the 3rd quarter valued at about $53,000. Root Financial Partners LLC acquired a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF in the 4th quarter valued at about $83,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 16.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,056 shares of the company’s stock valued at $97,000 after purchasing an additional 584 shares during the period.

NYLI MacKay Shields Municipal Intermediate ETF Price Performance

NYSEARCA MMIT opened at $24.20 on Monday. The company has a 50 day simple moving average of $24.29 and a 200-day simple moving average of $24.38. NYLI MacKay Shields Municipal Intermediate ETF has a 52-week low of $23.68 and a 52-week high of $24.77.

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.