NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) Sees Large Volume Increase – Here’s Why

Shares of NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN – Get Free Report) saw an uptick in trading volume on Tuesday. 249,640 shares traded hands during mid-day trading, an increase of 70% from the average daily volume of 147,024 shares. The stock last traded at $23.05 and had previously closed at $23.11.

NYLIM MacKay Municipal Insured ETF Trading Down 0.2%

The company has a 50 day moving average of $22.86 and a two-hundred day moving average of $23.72.

Institutional Trading of NYLIM MacKay Municipal Insured ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Commonwealth Equity Services LLC purchased a new position in NYLIM MacKay Municipal Insured ETF during the 3rd quarter valued at about $1,628,000. Lebenthal Global Advisors LLC acquired a new position in NYLIM MacKay Municipal Insured ETF in the 3rd quarter valued at $520,000. Lakeshore Capital Group Inc. acquired a new stake in NYLIM MacKay Municipal Insured ETF in the 3rd quarter valued at approximately $358,000. ACT Advisors LLC. grew its holdings in NYLIM MacKay Municipal Insured ETF by 7.0% in the 3rd quarter. ACT Advisors LLC. now owns 594,619 shares of the company’s stock valued at $13,236,000 after buying an additional 39,061 shares during the last quarter. Finally, Purus Wealth Management LLC grew its position in NYLIM MacKay Municipal Insured ETF by 6.4% in the 3rd 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 last quarter.

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.

Further Reading

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