Todd Reit Purchases 4,400 Shares of NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Stock

NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Director Todd Reit acquired 4,400 shares of the firm’s stock in a transaction that occurred on Tuesday, July 21st. The shares were purchased at an average price of $2.49 per share, with a total value of $10,956.00. Following the completion of the acquisition, the director owned 4,400 shares of the company’s stock, valued at $10,956. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NYLI MacKay Municipal Insured ETF Trading Down 0.3%

NYSEARCA MMIN opened at $23.83 on Thursday. The firm’s 50 day moving average is $24.04 and its 200-day moving average is $24.05. NYLI MacKay Municipal Insured ETF has a 12-month low of $22.77 and a 12-month high of $24.44.

Hedge Funds Weigh In On NYLI MacKay Municipal Insured ETF

Institutional investors have recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC acquired a new stake in NYLI MacKay Municipal Insured ETF in the fourth quarter valued at $1,712,000. Cornerstone Advisors Asset Management LLC grew its holdings in NYLI 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 worth $16,605,000 after purchasing an additional 34,447 shares during the period. Finally, NewEdge Advisors LLC bought a new position in NYLI MacKay Municipal Insured ETF during the first quarter worth about $398,000.

About NYLI MacKay Municipal Insured ETF

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.