NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Stock Price Up 0.5% – Time to Buy?

Shares of NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) traded up 0.5% on Wednesday . The company traded as high as $23.77 and last traded at $23.75. 87,353 shares were traded during trading, an increase of 28% from the average session volume of 68,473 shares. The stock had previously closed at $23.64.

NYLI MacKay Municipal Insured ETF Price Performance

The business’s 50 day moving average is $24.09 and its 200 day moving average is $24.22.

Hedge Funds Weigh In On NYLI MacKay Municipal Insured ETF

An institutional investor recently raised its position in NYLI MacKay Municipal Insured ETF stock. Farther Finance Advisors LLC grew its holdings in NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) by 43.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,375 shares of the company’s stock after acquiring an additional 1,022 shares during the period. 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.