Cypress Point Wealth Management LLC Grows Position in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT)

Cypress Point Wealth Management LLC boosted its stake in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) by 2.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 135,154 shares of the company’s stock after purchasing an additional 2,696 shares during the quarter. NYLI MacKay Shields Municipal Intermediate ETF comprises 1.0% of Cypress Point Wealth Management LLC’s portfolio, making the stock its 17th largest position. Cypress Point Wealth Management LLC owned about 0.39% of NYLI MacKay Shields Municipal Intermediate ETF worth $3,240,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Schneider Downs Wealth Management Advisors LP grew its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 5.6% in the fourth quarter. Schneider Downs Wealth Management Advisors LP now owns 1,521,376 shares of the company’s stock valued at $36,528,000 after purchasing an additional 80,973 shares during the period. LPL Financial LLC grew its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 14.5% in the fourth quarter. LPL Financial LLC now owns 1,185,971 shares of the company’s stock valued at $28,475,000 after purchasing an additional 150,293 shares during the period. Cetera Investment Advisers grew its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 9.0% in the fourth quarter. Cetera Investment Advisers now owns 792,407 shares of the company’s stock valued at $19,026,000 after purchasing an additional 65,654 shares during the period. TruWealth Advisors LLC grew its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 4.1% in the first quarter. TruWealth Advisors LLC now owns 682,018 shares of the company’s stock valued at $16,348,000 after purchasing an additional 26,561 shares during the period. Finally, Financial Counselors Inc. grew its stake in NYLI MacKay Shields Municipal Intermediate ETF by 127.7% during the fourth quarter. Financial Counselors Inc. now owns 621,241 shares of the company’s stock worth $14,916,000 after buying an additional 348,352 shares during the period.

NYLI MacKay Shields Municipal Intermediate ETF Trading Up 0.0%

MMIT opened at $23.77 on Friday. NYLI MacKay Shields Municipal Intermediate ETF has a 52-week low of $22.99 and a 52-week high of $24.65. The company has a 50 day moving average of $23.69 and a two-hundred day moving average of $23.98.

NYLI MacKay Shields Municipal Intermediate ETF Company 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.