NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Stock Price Up 0.2% – Here’s What Happened

NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) was up 0.2% on Wednesday . The company traded as high as $23.95 and last traded at $23.94. Approximately 104,963 shares traded hands during mid-day trading, an increase of 32% from the average daily volume of 79,301 shares. The stock had previously closed at $23.90.

NYLI MacKay Municipal Insured ETF Stock Up 0.2 %

The stock has a fifty day moving average of $24.17 and a two-hundred day moving average of $24.25.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in NYLI MacKay Municipal Insured ETF stock. Farther Finance Advisors LLC boosted its holdings in NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) by 43.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,375 shares of the company’s stock after purchasing an additional 1,022 shares during the quarter. Farther Finance Advisors LLC’s holdings in NYLI MacKay Municipal Insured ETF were worth $83,000 at the end of the most recent 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.