NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) Sees Strong Trading Volume – Time to Buy?

NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN – Get Free Report) shares saw an uptick in trading volume on Thursday. 575,360 shares changed hands during trading, an increase of 336% from the previous session’s volume of 131,920 shares. The stock last traded at $22.89 and had previously closed at $22.70.

NYLIM MacKay Municipal Insured ETF Price Performance

The company’s 50-day moving average price is $22.95 and its two-hundred day moving average price is $23.62.

Institutional Investors Weigh In On NYLIM MacKay Municipal Insured ETF

Hedge funds have recently modified their holdings of the company. Cornerstone Advisors Asset Management LLC raised its stake in shares of NYLIM MacKay Municipal Insured ETF by 5.2% during the first quarter. Cornerstone Advisors Asset Management LLC now owns 700,318 shares of the company’s stock valued at $16,605,000 after acquiring an additional 34,447 shares during the last quarter. ACT Advisors LLC. lifted its holdings in shares of NYLIM MacKay Municipal Insured ETF by 7.0% during the third quarter. ACT Advisors LLC. now owns 594,619 shares of the company’s stock worth $13,236,000 after purchasing an additional 39,061 shares during the period. Purus Wealth Management LLC lifted its holdings in shares of NYLIM MacKay Municipal Insured ETF by 6.4% during the third quarter. Purus Wealth Management LLC now owns 77,485 shares of the company’s stock worth $1,725,000 after purchasing an additional 4,690 shares during the period. Cooper Financial Group grew its stake in shares of NYLIM MacKay Municipal Insured ETF by 38.6% in the third quarter. Cooper Financial Group now owns 20,286 shares of the company’s stock worth $452,000 after purchasing an additional 5,645 shares during the last quarter. Finally, Lakeshore Capital Group Inc. bought a new stake in shares of NYLIM MacKay Municipal Insured ETF in the third quarter worth $358,000.

About NYLIM MacKay Municipal Insured ETF

(Get Free Report)

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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