NYLI MacKay Shields Municipal Intermediate ETF $MMIT Shares Sold by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC cut its stake in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 12.6% in the second quarter, HoldingsChannel reports. The fund owned 220,986 shares of the company’s stock after selling 31,737 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $5,271,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Cornerstone Advisors Asset Management LLC increased its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 21.1% in the 1st quarter. Cornerstone Advisors Asset Management LLC now owns 473,970 shares of the company’s stock valued at $11,361,000 after purchasing an additional 82,510 shares in the last quarter. Smallwood Wealth Investment Management LLC increased its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 14.2% in the 1st quarter. Smallwood Wealth Investment Management LLC now owns 98,313 shares of the company’s stock worth $2,357,000 after acquiring an additional 12,262 shares in the last quarter. Clear Creek Financial Management LLC acquired a new position in NYLI MacKay Shields Municipal Intermediate ETF during the first quarter worth $347,000. DAVENPORT & Co LLC purchased a new position in NYLI MacKay Shields Municipal Intermediate ETF during the first quarter valued at $402,000. Finally, Avantax Planning Partners Inc. grew its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 0.4% in the first quarter. Avantax Planning Partners Inc. now owns 692,332 shares of the company’s stock valued at $16,595,000 after purchasing an additional 3,021 shares during the period.

NYLI MacKay Shields Municipal Intermediate ETF Trading Up 0.1%

NYSEARCA:MMIT opened at $24.42 on Friday. The stock has a 50 day moving average of $24.17 and a two-hundred day moving average of $23.89. NYLI MacKay Shields Municipal Intermediate ETF has a 12 month low of $22.99 and a 12 month high of $24.52.

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.