Flputnam Investment Management Co. Has $11.29 Million Position in NYLI MacKay Shields Municipal Intermediate ETF $MMIT

Flputnam Investment Management Co. increased its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 438.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 463,899 shares of the company’s stock after buying an additional 377,693 shares during the quarter. Flputnam Investment Management Co.’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $11,287,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MMIT. Royal Bank of Canada grew its position in NYLI MacKay Shields Municipal Intermediate ETF by 12.5% during the first quarter. Royal Bank of Canada now owns 97,836 shares of the company’s stock worth $2,345,000 after buying an additional 10,902 shares in the last quarter. Jane Street Group LLC grew its position in NYLI MacKay Shields Municipal Intermediate ETF by 128.9% during the first quarter. Jane Street Group LLC now owns 437,354 shares of the company’s stock worth $10,483,000 after buying an additional 246,326 shares in the last quarter. JPMorgan Chase & Co. grew its position in NYLI MacKay Shields Municipal Intermediate ETF by 36.1% during the second quarter. JPMorgan Chase & Co. now owns 196,002 shares of the company’s stock worth $4,675,000 after buying an additional 52,003 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in NYLI MacKay Shields Municipal Intermediate ETF by 16.8% during 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 in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 108.2% in the 2nd quarter. NewEdge Advisors LLC now owns 18,920 shares of the company’s stock valued at $451,000 after purchasing an additional 9,833 shares in the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Stock Up 0.5%

Shares of MMIT stock opened at $24.25 on Wednesday. The stock’s fifty day moving average price is $24.26 and its two-hundred day moving average price is $24.39. NYLI MacKay Shields Municipal Intermediate ETF has a fifty-two week low of $23.59 and a fifty-two week high of $24.77.

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.