NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) Sees Unusually-High Trading Volume – Here’s Why

Shares of NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) saw an uptick in trading volume on Thursday. 575,360 shares changed hands during mid-day trading, an increase of 336% from the previous session’s volume of 131,920 shares. The stock last traded at $22.89 and had previously closed at $22.70.

NYLIM MacKay Municipal Insured ETF Stock Up 0.9%

The business’s fifty day moving average is $22.95 and its two-hundred day moving average is $23.62.

Institutional Investors Weigh In On NYLIM MacKay Municipal Insured ETF

Several large investors have recently made changes to their positions in MMIN. Purus Wealth Management LLC lifted its position in shares of NYLIM MacKay Municipal Insured ETF by 6.4% in the third quarter. Purus Wealth Management LLC now owns 77,485 shares of the company’s stock worth $1,725,000 after purchasing an additional 4,690 shares in the last quarter. Cooper Financial Group increased its stake in NYLIM MacKay Municipal Insured ETF by 38.6% in the 3rd quarter. Cooper Financial Group now owns 20,286 shares of the company’s stock valued at $452,000 after buying an additional 5,645 shares during the last quarter. Lakeshore Capital Group Inc. acquired a new stake in NYLIM MacKay Municipal Insured ETF in the 3rd quarter valued at $358,000. Cornerstone Advisors Asset Management LLC increased its stake in 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 last quarter. Finally, ACT Advisors LLC. boosted its position in NYLIM MacKay Municipal Insured ETF by 7.0% during the third quarter. ACT Advisors LLC. now owns 594,619 shares of the company’s stock valued at $13,236,000 after purchasing an additional 39,061 shares during the last quarter.

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.