NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Trading 0.3% Higher – Time to Buy?

Shares of NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) shot up 0.3% during mid-day trading on Thursday . The stock traded as high as $23.74 and last traded at $23.72. 45,663 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 141,792 shares. The stock had previously closed at $23.65.

NYLI MacKay Municipal Insured ETF Stock Up 0.3%

The company has a fifty day moving average of $23.09 and a 200-day moving average of $23.27.

Institutional Investors Weigh In On NYLI MacKay Municipal Insured ETF

Institutional investors and hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC purchased a new stake in shares of NYLI MacKay Municipal Insured ETF in the 1st quarter valued at $398,000. Bank of New York Mellon Corp grew its stake in NYLI MacKay Municipal Insured ETF by 7.0% during the 1st quarter. Bank of New York Mellon Corp now owns 53,754 shares of the company’s stock worth $1,270,000 after purchasing an additional 3,532 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in NYLI MacKay Municipal Insured ETF during the 2nd quarter worth $1,547,000. Finally, Golden State Wealth Management LLC grew its stake in NYLI MacKay Municipal Insured ETF by 72.6% during the 1st quarter. Golden State Wealth Management LLC now owns 140,710 shares of the company’s stock worth $3,325,000 after purchasing an additional 59,209 shares in the last quarter.

NYLI MacKay Municipal Insured ETF Company Profile

The IQ MacKay Municipal Insured ETF (MMIN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed US municipal bond fund for insured, investment-grade securities of varying maturities. MMIN was launched on Oct 18, 2017 and is managed by IndexIQ.