NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Trading Up 0.5% – Should You Buy?

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

NYLI MacKay Municipal Insured ETF Stock Performance

The firm has a fifty day moving average price of $24.00 and a two-hundred day moving average price of $24.20.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NYLI MacKay Municipal Insured ETF stock. Farther Finance Advisors LLC lifted 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 institutional investor 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.

NYLI 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.