NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) Stock Price Down 0.4% – Should You Sell?

Shares of NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) fell 0.4% during trading on Wednesday . The company traded as low as $23.08 and last traded at $23.09. Approximately 249,718 shares were traded during mid-day trading, an increase of 176% from the average daily volume of 90,432 shares. The stock had previously closed at $23.19.

NYLIM MacKay Municipal Insured ETF Trading Up 0.0%

The company has a fifty day moving average price of $23.70 and a two-hundred day moving average price of $23.91.

Institutional Trading of NYLIM MacKay Municipal Insured ETF

Several large investors have recently added to or reduced their stakes in the stock. Hilton Head Capital Partners LLC purchased a new stake in shares of NYLIM MacKay Municipal Insured ETF in the fourth quarter valued at about $1,712,000. Cornerstone Advisors Asset Management LLC grew its stake in shares of NYLIM MacKay Municipal Insured ETF by 5.2% in the 1st quarter. Cornerstone Advisors Asset Management LLC now owns 700,318 shares of the company’s stock valued at $16,605,000 after buying an additional 34,447 shares during the period. Finally, NewEdge Advisors LLC grew its stake in shares of NYLIM MacKay Municipal Insured ETF by 80.2% in the 3rd quarter. NewEdge Advisors LLC now owns 33,991 shares of the company’s stock valued at $809,000 after buying an additional 15,132 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.