NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Trading 0% Higher – Time to Buy?

NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) shot up 0% during mid-day trading on Friday . The company traded as high as $23.78 and last traded at $23.76. 60,962 shares changed hands during trading, a decline of 54% from the average session volume of 133,482 shares. The stock had previously closed at $23.75.

NYLI MacKay Municipal Insured ETF Trading Up 0.0%

The company’s 50-day moving average price is $23.34 and its 200 day moving average price is $23.25.

Institutional Trading of NYLI MacKay Municipal Insured ETF

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