IQ MacKay Municipal Insured ETF (NYSEARCA:MMIN) Stock Price Down 0.1%

IQ MacKay Municipal Insured ETF (NYSEARCA:MMIN)’s stock price dropped 0.1% during trading on Wednesday . The stock traded as low as $24.25 and last traded at $24.28. Approximately 117,344 shares traded hands during trading, an increase of 44% from the average daily volume of 81,468 shares. The stock had previously closed at $24.30.

IQ MacKay Municipal Insured ETF Stock Down 0.1 %

The stock’s 50 day moving average is $24.25 and its 200 day moving average is $24.16.

Institutional Investors Weigh In On IQ MacKay Municipal Insured ETF

An institutional investor recently bought a new position in IQ MacKay Municipal Insured ETF stock. Waterloo Capital L.P. purchased a new stake in shares of IQ MacKay Municipal Insured ETF (NYSEARCA:MMIN) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,149 shares of the company’s stock, valued at approximately $225,000. Waterloo Capital L.P. owned approximately 0.05% of IQ MacKay Municipal Insured ETF at the end of the most recent reporting period.

About IQ 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.