Wealth Enhancement Advisory Services LLC Boosts Stock Position in NYLI MacKay Shields Municipal Intermediate ETF $MMIT

Wealth Enhancement Advisory Services LLC raised its position in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 349.5% during the third quarter, Holdings Channel.com reports. The firm owned 106,322 shares of the company’s stock after buying an additional 82,666 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $2,585,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 16.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,056 shares of the company’s stock valued at $97,000 after buying an additional 584 shares during the last quarter. Assetmark Inc. raised its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 81.7% in the 2nd quarter. Assetmark Inc. now owns 4,185 shares of the company’s stock valued at $100,000 after acquiring an additional 1,882 shares during the last quarter. Daymark Wealth Partners LLC acquired a new position in NYLI MacKay Shields Municipal Intermediate ETF in the 2nd quarter valued at $249,000. AE Wealth Management LLC lifted its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 13.8% during the 2nd quarter. AE Wealth Management LLC now owns 10,917 shares of the company’s stock worth $260,000 after purchasing an additional 1,320 shares during the period. Finally, Lokken Investment Group LLC boosted its holdings in shares of 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 purchasing an additional 5,283 shares during the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Stock Up 0.0%

Shares of NYSEARCA:MMIT opened at $24.52 on Friday. The business has a fifty day simple moving average of $24.39 and a 200-day simple moving average of $24.21. NYLI MacKay Shields Municipal Intermediate ETF has a 52 week low of $22.99 and a 52 week high of $24.57.

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.