NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Shares Up 0.2% – Should You Buy?

NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) shot up 0.2% on Wednesday . The stock traded as high as $23.95 and last traded at $23.94. 104,963 shares changed hands during mid-day trading, an increase of 32% from the average session volume of 79,301 shares. The stock had previously closed at $23.90.

NYLI MacKay Municipal Insured ETF Stock Up 0.2 %

The stock has a fifty day moving average price of $24.17 and a two-hundred day moving average price of $24.25.

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 boosted its position in NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) by 43.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,375 shares of the company’s stock after purchasing 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 SEC filing.

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.