Shares of NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN – Get Free Report) saw strong trading volume on Monday. Approximately 387,860 shares traded hands during mid-day 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 Stock Performance
The firm has a 50 day moving average price of $22.83 and a two-hundred day moving average price of $23.70.
Institutional Trading of NYLIM MacKay Municipal Insured ETF
Institutional investors have recently bought and sold shares of the company. Harbour Investments Inc. bought a new position in NYLIM MacKay Municipal Insured ETF during the third quarter valued at approximately $128,000. Croban lifted its stake in NYLIM MacKay Municipal Insured ETF by 6.1% in the third quarter. Croban now owns 82,329 shares of the company’s stock valued at $1,832,000 after acquiring an additional 4,724 shares during the last quarter. Cornerstone Advisors Asset Management LLC grew its position in NYLIM MacKay Municipal Insured ETF by 10.9% in the third quarter. Cornerstone Advisors Asset Management LLC now owns 770,531 shares of the company’s stock worth $17,152,000 after acquiring an additional 75,904 shares in the last quarter. Fifth Third Bancorp bought a new stake in NYLIM MacKay Municipal Insured ETF in the third quarter worth approximately $450,000. Finally, Cornerstone Wealth Management LLC bought a new stake in NYLIM MacKay Municipal Insured ETF in the third quarter worth approximately $252,000.
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.
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