Prestige Wealth Management Group LLC Has $5.05 Million Stock Holdings in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT)

Prestige Wealth Management Group LLC lowered its stake in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 10.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,762 shares of the company’s stock after selling 24,670 shares during the period. NYLI MacKay Shields Municipal Intermediate ETF accounts for 1.6% of Prestige Wealth Management Group LLC’s holdings, making the stock its 21st largest holding. Prestige Wealth Management Group LLC’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $5,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of MMIT. Brady Martz Wealth Solutions LLC acquired a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF in the fourth quarter valued at approximately $5,751,000. LPL Financial LLC increased its position in NYLI MacKay Shields Municipal Intermediate ETF by 14.5% in the 4th quarter. LPL Financial LLC now owns 1,185,971 shares of the company’s stock valued at $28,475,000 after acquiring an additional 150,293 shares during the period. Dynamic Advisor Solutions LLC raised its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 58.1% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 406,994 shares of the company’s stock valued at $9,772,000 after acquiring an additional 149,508 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of NYLI MacKay Shields Municipal Intermediate ETF by 69.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 362,707 shares of the company’s stock worth $8,709,000 after purchasing an additional 148,365 shares during the period. Finally, Private Advisor Group LLC grew its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 194.5% in the fourth quarter. Private Advisor Group LLC now owns 129,455 shares of the company’s stock worth $3,108,000 after purchasing an additional 85,492 shares during the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Stock Performance

NYSEARCA MMIT opened at $24.03 on Tuesday. NYLI MacKay Shields Municipal Intermediate ETF has a twelve month low of $23.76 and a twelve month high of $24.65. The stock has a fifty day simple moving average of $24.15 and a 200 day simple moving average of $24.25.

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.