NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Director Buys $10,956.00 in Stock

NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Director Todd Reit purchased 4,400 shares of the firm’s stock in a transaction that occurred on Tuesday, July 21st. The stock was acquired at an average price of $2.49 per share, with a total value of $10,956.00. Following the completion of the purchase, the director owned 4,400 shares in the company, valued at $10,956. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NYLI MacKay Municipal Insured ETF Trading Down 0.3%

NYSEARCA:MMIN traded down $0.07 during mid-day trading on Tuesday, hitting $23.90. 69,660 shares of the company’s stock were exchanged, compared to its average volume of 87,675. NYLI MacKay Municipal Insured ETF has a one year low of $22.77 and a one year high of $24.44. The business has a fifty day moving average price of $24.05 and a 200 day moving average price of $24.05.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MMIN. NewEdge Advisors LLC bought a new position in shares of NYLI MacKay Municipal Insured ETF during the 1st quarter valued at approximately $398,000. Hilton Head Capital Partners LLC purchased a new position in shares of NYLI MacKay Municipal Insured ETF in the fourth quarter valued at about $1,712,000. Finally, Cornerstone Advisors Asset Management LLC boosted its stake in shares of NYLI MacKay Municipal Insured ETF by 5.2% in the first 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.

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.