NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Stock Price Down 0.4% – Time to Sell?

NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN)’s share price fell 0.4% on Wednesday . The stock traded as low as $23.08 and last traded at $23.09. 249,718 shares were traded during mid-day trading, an increase of 176% from the average daily volume of 90,432 shares. The stock had previously closed at $23.19.

NYLI MacKay Municipal Insured ETF Price Performance

The business has a 50-day moving average of $23.72 and a 200-day moving average of $23.92.

Institutional Investors Weigh In On NYLI MacKay Municipal Insured ETF

Several large investors have recently modified their holdings of MMIN. Cornerstone Advisors Asset Management LLC grew its position in shares of NYLI MacKay Municipal Insured ETF by 5.2% during 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 last quarter. Hilton Head Capital Partners LLC purchased a new stake in NYLI MacKay Municipal Insured ETF in the 4th quarter valued at $1,712,000. Finally, NewEdge Advisors LLC raised its position in NYLI MacKay Municipal Insured ETF by 80.2% in the 3rd quarter. NewEdge Advisors LLC now owns 33,991 shares of the company’s stock valued at $809,000 after purchasing an additional 15,132 shares during the last quarter.

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.