Cetera Investment Advisers Has $49.50 Million Position in NYLI MacKay Shields Municipal Intermediate ETF $MMIT

Cetera Investment Advisers grew its holdings in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 5.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,053,468 shares of the company’s stock after purchasing an additional 107,132 shares during the quarter. Cetera Investment Advisers owned about 3.16% of NYLI MacKay Shields Municipal Intermediate ETF worth $49,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mariner LLC grew its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 1,689.0% during the 3rd quarter. Mariner LLC now owns 1,181,175 shares of the company’s stock worth $28,703,000 after buying an additional 1,115,151 shares during the period. Meeder Advisory Services Inc. lifted its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 30.3% during the 1st quarter. Meeder Advisory Services Inc. now owns 2,944,732 shares of the company’s stock valued at $70,983,000 after acquiring an additional 683,938 shares during the period. Midwest Trust Co lifted its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 96.5% during the 4th quarter. Midwest Trust Co now owns 1,277,827 shares of the company’s stock valued at $31,090,000 after acquiring an additional 627,505 shares during the period. Bank of America Corp DE boosted its stake in NYLI MacKay Shields Municipal Intermediate ETF by 10.3% during the third quarter. Bank of America Corp DE now owns 5,013,103 shares of the company’s stock worth $121,818,000 after acquiring an additional 469,447 shares in the last quarter. Finally, Schneider Downs Wealth Management Advisors LP boosted its stake in NYLI MacKay Shields Municipal Intermediate ETF by 22.0% during 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 acquiring an additional 403,900 shares in the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Stock Performance

NYSEARCA:MMIT opened at $23.96 on Friday. NYLI MacKay Shields Municipal Intermediate ETF has a 12 month low of $23.70 and a 12 month high of $24.77. The firm has a fifty day simple moving average of $24.27 and a two-hundred day simple moving average of $24.37.

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.