NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN – Get Free Report) shares saw unusually-high trading volume on Monday. Approximately 387,860 shares traded hands during mid-day trading, an increase of 154% from the average daily volume of 152,894 shares. The stock last traded at $23.39 and had previously closed at $23.37.
NYLIM MacKay Municipal Insured ETF Price Performance
The stock has a 50 day moving average of $22.83 and a two-hundred day moving average of $23.69.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in MMIN. Cornerstone Advisors Asset Management LLC boosted its position in shares of NYLIM MacKay Municipal Insured ETF by 10.9% in the third quarter. Cornerstone Advisors Asset Management LLC now owns 770,531 shares of the company’s stock worth $17,152,000 after buying an additional 75,904 shares during the period. ACT Advisors LLC. lifted its stake in shares of NYLIM MacKay Municipal Insured ETF by 7.0% in the third quarter. ACT Advisors LLC. now owns 594,619 shares of the company’s stock worth $13,236,000 after buying an additional 39,061 shares during the last quarter. Croban lifted its position in NYLIM MacKay Municipal Insured ETF by 6.1% during the 3rd quarter. Croban now owns 82,329 shares of the company’s stock worth $1,832,000 after acquiring an additional 4,724 shares during the last quarter. Purus Wealth Management LLC boosted its stake in NYLIM MacKay Municipal Insured ETF by 6.4% during the 3rd quarter. Purus Wealth Management LLC now owns 77,485 shares of the company’s stock valued at $1,725,000 after purchasing an additional 4,690 shares during the period. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of NYLIM MacKay Municipal Insured ETF in the third quarter worth $1,628,000.
NYLIM 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.
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