NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Stock Price Up 0.8% – Time to Buy?

Shares of NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) traded up 0.8% during mid-day trading on Thursday . The stock traded as high as $23.97 and last traded at $23.97. 90,977 shares traded hands during trading, an increase of 15% from the average session volume of 79,281 shares. The stock had previously closed at $23.79.

NYLI MacKay Municipal Insured ETF Price Performance

The company has a fifty day moving average price of $24.33 and a two-hundred day moving average price of $24.19.

Hedge Funds Weigh In On NYLI MacKay Municipal Insured ETF

A hedge fund recently raised its stake in NYLI MacKay Municipal Insured ETF stock. Farther Finance Advisors LLC raised its position in NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) by 43.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,375 shares of the company’s stock after acquiring 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.

About NYLI 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.