BCS Wealth Management Cuts Stock Holdings in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT)

BCS Wealth Management lessened its holdings in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 15.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 35,122 shares of the company’s stock after selling 6,599 shares during the period. BCS Wealth Management owned about 0.13% of NYLI MacKay Shields Municipal Intermediate ETF worth $843,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MMIT. Farther Finance Advisors LLC lifted its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 36.9% during the third quarter. Farther Finance Advisors LLC now owns 3,420 shares of the company’s stock worth $84,000 after buying an additional 922 shares during the period. Rockefeller Capital Management L.P. bought a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF in the 3rd quarter worth $480,000. Jane Street Group LLC purchased a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF during the 3rd quarter worth $547,000. Massmutual Trust Co. FSB ADV boosted its position in NYLI MacKay Shields Municipal Intermediate ETF by 12.6% during the third quarter. Massmutual Trust Co. FSB ADV now owns 214,342 shares of the company’s stock valued at $5,273,000 after purchasing an additional 23,995 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in NYLI MacKay Shields Municipal Intermediate ETF in the second quarter valued at about $61,000.

NYLI MacKay Shields Municipal Intermediate ETF Price Performance

MMIT stock opened at $23.93 on Tuesday. NYLI MacKay Shields Municipal Intermediate ETF has a one year low of $23.76 and a one year high of $24.65. The firm has a 50-day simple moving average of $24.21 and a two-hundred day simple moving average of $24.32.

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.