Synovus Financial Corp Makes New Investment in NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT)

Synovus Financial Corp purchased a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 19,858 shares of the company’s stock, valued at approximately $488,000. Synovus Financial Corp owned approximately 0.07% of NYLI MacKay Shields Municipal Intermediate ETF at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Sanctuary Advisors LLC lifted its position in NYLI MacKay Shields Municipal Intermediate ETF by 29.6% during the third quarter. Sanctuary Advisors LLC now owns 162,144 shares of the company’s stock worth $3,945,000 after buying an additional 36,985 shares during the period. MML Investors Services LLC increased its stake 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 valued at $2,658,000 after acquiring an additional 2,429 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF during the 3rd quarter worth about $547,000. Rockefeller Capital Management L.P. acquired a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF in the third quarter worth approximately $480,000. Finally, Financial Counselors Inc. grew its holdings in NYLI MacKay Shields Municipal Intermediate ETF by 9.4% in the third quarter. Financial Counselors Inc. now owns 272,889 shares of the company’s stock valued at $6,713,000 after purchasing an additional 23,474 shares during the period.

NYLI MacKay Shields Municipal Intermediate ETF Stock Down 0.2 %

Shares of MMIT stock opened at $24.22 on Wednesday. NYLI MacKay Shields Municipal Intermediate ETF has a one year low of $23.91 and a one year high of $24.71. The company has a 50 day moving average price of $24.31 and a 200 day moving average price of $24.33.

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.