UBS Group AG Raises Stock Holdings in NYLI MacKay Shields Municipal Intermediate ETF $MMIT

UBS Group AG increased its position in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 7.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,697,344 shares of the company’s stock after buying an additional 113,582 shares during the quarter. UBS Group AG owned 3.07% of NYLI MacKay Shields Municipal Intermediate ETF worth $41,296,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. CWM LLC purchased a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF in the fourth quarter worth $26,000. BOKF NA purchased a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF in the third quarter worth $53,000. Rossby Financial LCC purchased a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF in the third quarter worth $95,000. Northwestern Mutual Wealth Management Co. increased its stake 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 worth $97,000 after buying an additional 584 shares during the period. Finally, United Community Bank purchased a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF in the third quarter worth $116,000.

NYLI MacKay Shields Municipal Intermediate ETF Stock Up 0.1%

Shares of NYSEARCA MMIT opened at $24.30 on Friday. NYLI MacKay Shields Municipal Intermediate ETF has a 52 week low of $23.59 and a 52 week high of $24.77. The firm’s fifty day moving average is $24.35 and its 200 day moving average is $24.40.

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.