NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Trading 0.5% Higher – Time to Buy?

NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) shares were up 0.5% during mid-day trading on Wednesday . The company traded as high as $23.77 and last traded at $23.75. Approximately 87,353 shares were traded during 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 firm has a 50 day moving average price of $24.09 and a 200 day moving average price of $24.22.

Hedge Funds Weigh In On NYLI MacKay Municipal Insured ETF

An institutional investor recently raised its position in NYLI MacKay Municipal Insured ETF stock. Farther Finance Advisors LLC boosted its position in shares of NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) by 43.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

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.