NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) Shares Cross Above Fifty Day Moving Average – Time to Sell?

NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN)’s stock price passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $22.92 and traded as high as $23.07. NYLIM MacKay Municipal Insured ETF shares last traded at $23.07, with a volume of 321,521 shares changing hands.

NYLIM MacKay Municipal Insured ETF Stock Performance

The firm’s 50 day moving average is $22.89 and its 200 day moving average is $23.73.

Hedge Funds Weigh In On NYLIM MacKay Municipal Insured ETF

Institutional investors have recently bought and sold shares of the business. Lakeshore Capital Group Inc. acquired a new position in NYLIM MacKay Municipal Insured ETF in the third quarter valued at approximately $358,000. Cooper Financial Group grew its stake in shares of NYLIM MacKay Municipal Insured ETF by 38.6% during the 3rd quarter. Cooper Financial Group now owns 20,286 shares of the company’s stock worth $452,000 after purchasing an additional 5,645 shares during the period. Lebenthal Global Advisors LLC purchased a new position in shares of NYLIM MacKay Municipal Insured ETF during the 3rd quarter valued at approximately $520,000. Purus Wealth Management LLC increased its holdings in shares of NYLIM MacKay Municipal Insured ETF by 6.4% during the 3rd 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 in the last quarter. Finally, ACT Advisors LLC. lifted its stake in shares of NYLIM MacKay Municipal Insured ETF by 7.0% in the 3rd quarter. ACT Advisors LLC. now owns 594,619 shares of the company’s stock valued at $13,236,000 after purchasing an additional 39,061 shares during the period.

About NYLIM 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.