NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) Sees Strong Trading Volume – What’s Next?

Shares of NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN – Get Free Report) saw unusually-high trading volume on Thursday. 575,360 shares changed hands during mid-day trading, an increase of 336% from the previous session’s volume of 131,920 shares. The stock last traded at $22.89 and had previously closed at $22.70.

NYLIM MacKay Municipal Insured ETF Stock Down 0.0%

The firm’s 50 day simple moving average is $22.92 and its 200 day simple moving average is $23.61.

Institutional Trading of NYLIM MacKay Municipal Insured ETF

Several large investors have recently added to or reduced their stakes in the business. Cornerstone Advisors Asset Management LLC boosted its position in NYLIM MacKay Municipal Insured ETF by 5.2% during the 1st quarter. Cornerstone Advisors Asset Management LLC now owns 700,318 shares of the company’s stock worth $16,605,000 after acquiring an additional 34,447 shares during the period. ACT Advisors LLC. grew its stake in shares of NYLIM MacKay Municipal Insured ETF by 7.0% in the third quarter. ACT Advisors LLC. now owns 594,619 shares of the company’s stock worth $13,236,000 after purchasing an additional 39,061 shares in the last quarter. Lakeshore Capital Group Inc. bought a new position in shares of NYLIM MacKay Municipal Insured ETF in the third quarter worth $358,000. Purus Wealth Management LLC increased its holdings in shares of NYLIM MacKay Municipal Insured ETF by 6.4% during the third quarter. Purus Wealth Management LLC now owns 77,485 shares of the company’s stock valued at $1,725,000 after purchasing an additional 4,690 shares during the period. Finally, Cooper Financial Group increased its holdings in shares of NYLIM MacKay Municipal Insured ETF by 38.6% during the third quarter. Cooper Financial Group now owns 20,286 shares of the company’s stock valued at $452,000 after purchasing an additional 5,645 shares during the period.

About NYLIM MacKay Municipal Insured ETF

(Get Free Report)

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.

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