IQ MacKay Municipal Insured ETF (NYSEARCA:MMIN) Shares Up 0.4%

IQ MacKay Municipal Insured ETF (NYSEARCA:MMINGet Free Report) shot up 0.4% on Tuesday . The stock traded as high as $23.91 and last traded at $23.86. 159,518 shares traded hands during trading, an increase of 97% from the average session volume of 81,165 shares. The stock had previously closed at $23.77.

IQ MacKay Municipal Insured ETF Trading Up 0.4 %

The company has a fifty day simple moving average of $23.99 and a two-hundred day simple moving average of $24.19.

Institutional Investors Weigh In On IQ MacKay Municipal Insured ETF

A hedge fund recently raised its stake in IQ MacKay Municipal Insured ETF stock. Bank of New York Mellon Corp increased its position in shares of IQ MacKay Municipal Insured ETF (NYSEARCA:MMINFree Report) by 6.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,803 shares of the company’s stock after buying an additional 3,317 shares during the quarter. Bank of New York Mellon Corp owned 0.32% of IQ MacKay Municipal Insured ETF worth $1,252,000 at the end of the most recent quarter.

IQ MacKay Municipal Insured ETF Company Profile

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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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