NYLIM MacKay Municipal Insured ETF $MMIN Shares Bought by Cornerstone Advisors Asset Management LLC

Cornerstone Advisors Asset Management LLC grew its stake in shares of NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) by 10.9% during the third quarter, HoldingsChannel reports. The firm owned 770,531 shares of the company’s stock after buying an additional 75,904 shares during the period. NYLIM MacKay Municipal Insured ETF accounts for 1.9% of Cornerstone Advisors Asset Management LLC’s portfolio, making the stock its 13th largest position. Cornerstone Advisors Asset Management LLC’s holdings in NYLIM MacKay Municipal Insured ETF were worth $17,152,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in MMIN. Purus Wealth Management LLC grew its position 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 buying an additional 4,690 shares in the last quarter. Cooper Financial Group grew its holdings in shares of NYLIM MacKay Municipal Insured ETF by 38.6% during the third quarter. Cooper Financial Group now owns 20,286 shares of the company’s stock valued at $452,000 after purchasing an additional 5,645 shares during the last quarter. Landmark Wealth Management LLC grew its stake in NYLIM MacKay Municipal Insured ETF by 32.9% during the 3rd quarter. Landmark Wealth Management LLC now owns 39,031 shares of the company’s stock worth $869,000 after buying an additional 9,655 shares during the last quarter. Cornerstone Wealth Management LLC acquired a new stake in shares of NYLIM MacKay Municipal Insured ETF in the third quarter valued at approximately $252,000. Finally, Lakeshore Capital Group Inc. acquired a new position in shares of NYLIM MacKay Municipal Insured ETF during the third quarter worth approximately $358,000.

NYLIM MacKay Municipal Insured ETF Trading Down 0.4%

Shares of MMIN stock opened at $23.06 on Friday. NYLIM MacKay Municipal Insured ETF has a 1 year low of $22.11 and a 1 year high of $24.44. The business’s fifty day moving average is $22.83 and its 200-day moving average is $23.68.

About NYLIM 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.