Cypress Point Wealth Management LLC Purchases 3,920 Shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT)

Cypress Point Wealth Management LLC boosted its position in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 3.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 132,458 shares of the company’s stock after buying an additional 3,920 shares during the quarter. NYLI MacKay Shields Municipal Intermediate ETF comprises 1.0% of Cypress Point Wealth Management LLC’s investment portfolio, making the stock its 18th largest holding. Cypress Point Wealth Management LLC’s holdings in NYLI MacKay Shields Municipal Intermediate ETF were worth $3,180,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MMIT. Farther Finance Advisors LLC boosted its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 36.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,420 shares of the company’s stock valued at $84,000 after purchasing an additional 922 shares during the last quarter. Opes Wealth Management LLC grew its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 7.4% during the 3rd quarter. Opes Wealth Management LLC now owns 32,545 shares of the company’s stock worth $801,000 after acquiring an additional 2,250 shares during the period. MML Investors Services LLC grew its position in shares of NYLI MacKay Shields Municipal Intermediate ETF by 2.3% during the 3rd quarter. MML Investors Services LLC now owns 108,064 shares of the company’s stock worth $2,658,000 after buying an additional 2,429 shares during the period. AdvisorNet Financial Inc increased its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 7.6% in the 4th quarter. AdvisorNet Financial Inc now owns 49,561 shares of the company’s stock valued at $1,190,000 after acquiring an additional 3,515 shares during the last quarter. Finally, BCS Wealth Management increased its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 11.0% in the 3rd quarter. BCS Wealth Management now owns 41,721 shares of the company’s stock valued at $1,026,000 after acquiring an additional 4,144 shares during the last quarter.

NYLI MacKay Shields Municipal Intermediate ETF Stock Performance

Shares of NYSEARCA MMIT opened at $24.08 on Friday. The firm has a 50 day moving average price of $24.18 and a 200 day moving average price of $24.31. NYLI MacKay Shields Municipal Intermediate ETF has a 52-week low of $23.76 and a 52-week high of $24.65.

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.