NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Trading 0.5% Higher – Time to Buy?

NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) rose 0.5% during trading on Wednesday . The company traded as high as $24.05 and last traded at $24.04. Approximately 54,108 shares traded hands during trading, a decline of 40% from the average daily volume of 90,679 shares. The stock had previously closed at $23.92.

NYLI MacKay Municipal Insured ETF Price Performance

The business’s fifty day moving average is $23.99 and its two-hundred day moving average is $24.20.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in NYLI MacKay Municipal Insured ETF stock. Farther Finance Advisors LLC grew its stake in NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) by 43.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,375 shares of the company’s stock after purchasing an additional 1,022 shares during the period. Farther Finance Advisors LLC’s holdings in NYLI MacKay Municipal Insured ETF were worth $83,000 at the end of the most recent reporting period.

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.