Cornerstone Advisors Asset Management LLC Raises Holdings in NYLI MacKay Municipal Insured ETF $MMIN

Cornerstone Advisors Asset Management LLC boosted its holdings in shares of NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) by 5.2% in the 1st quarter, Holdings Channel.com reports. The fund owned 700,318 shares of the company’s stock after buying an additional 34,447 shares during the quarter. NYLI MacKay Municipal Insured ETF makes up about 2.6% of Cornerstone Advisors Asset Management LLC’s holdings, making the stock its 11th biggest holding. Cornerstone Advisors Asset Management LLC’s holdings in NYLI MacKay Municipal Insured ETF were worth $16,605,000 as of its most recent SEC filing.

Separately, NewEdge Advisors LLC acquired a new position in shares of NYLI MacKay Municipal Insured ETF in the 1st quarter valued at $398,000.

NYLI MacKay Municipal Insured ETF Stock Performance

NYSEARCA MMIN opened at $23.98 on Monday. NYLI MacKay Municipal Insured ETF has a twelve month low of $22.77 and a twelve month high of $24.44. The stock has a fifty day simple moving average of $24.05 and a 200-day simple moving average of $24.05.

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.