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

NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) was 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 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 Up 0.3 %

The business’s fifty day simple moving average is $24.08 and its 200-day simple moving average is $24.22.

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 grew 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 institutional investor owned 3,375 shares of the company’s stock after buying 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 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.