NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Shares Up 0.5% – Here’s Why

NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) shares were up 0.5% on Wednesday . The stock traded as high as $23.77 and last traded at $23.75. Approximately 87,353 shares traded hands during mid-day trading, an increase of 28% from the average daily volume of 68,473 shares. The stock had previously closed at $23.64.

NYLI MacKay Municipal Insured ETF Stock Performance

The company’s 50 day moving average price is $24.08 and its two-hundred day moving average price is $24.22.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NYLI MacKay Municipal Insured ETF stock. Farther Finance Advisors LLC boosted its holdings in shares of NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) by 43.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,375 shares of the company’s stock after purchasing an additional 1,022 shares during the quarter. Farther Finance Advisors LLC’s holdings in NYLI MacKay Municipal Insured ETF were worth $83,000 at the end of the most recent quarter.

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.