NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN – Get Free Report) saw strong trading volume on Monday. Approximately 387,860 shares traded hands during 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 business has a 50-day moving average price of $22.83 and a two-hundred day moving average price of $23.70.
Hedge Funds Weigh In On NYLIM MacKay Municipal Insured ETF
Institutional investors have recently made changes to their positions in the stock. Harbour Investments Inc. purchased a new position in shares of NYLIM MacKay Municipal Insured ETF during the third quarter valued at approximately $128,000. Cornerstone Wealth Management LLC acquired a new position in shares of NYLIM MacKay Municipal Insured ETF during the third quarter worth $252,000. Lakeshore Capital Group Inc. purchased a new position in shares of NYLIM MacKay Municipal Insured ETF during the 3rd quarter valued at approximately $358,000. Fifth Third Bancorp acquired a new position in shares of NYLIM MacKay Municipal Insured ETF in the 3rd quarter worth approximately $450,000. Finally, Cooper Financial Group boosted its stake in 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 valued at $452,000 after acquiring an additional 5,645 shares during the period.
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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