NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) Sees Large Volume Increase – Here’s Why

NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) saw an uptick in trading volume on Tuesday. Approximately 249,640 shares were traded during trading, an increase of 70% from the average daily volume of 147,024 shares. The stock last traded at $23.05 and had previously closed at $23.11.

NYLIM MacKay Municipal Insured ETF Trading Up 0.5%

The company’s fifty day moving average price is $22.84 and its 200-day moving average price is $23.71.

Hedge Funds Weigh In On NYLIM MacKay Municipal Insured ETF

Several institutional investors and hedge funds have recently modified their holdings of MMIN. Cornerstone Wealth Management LLC acquired a new position in shares of NYLIM MacKay Municipal Insured ETF during the 3rd quarter worth about $252,000. Lakeshore Capital Group Inc. purchased a new stake in shares of NYLIM MacKay Municipal Insured ETF during the 3rd quarter valued at approximately $358,000. Cooper Financial Group raised its stake in shares of NYLIM MacKay Municipal Insured ETF by 38.6% in the 3rd quarter. Cooper Financial Group now owns 20,286 shares of the company’s stock valued at $452,000 after acquiring an additional 5,645 shares during the period. Narwhal Capital Management acquired a new position in NYLIM MacKay Municipal Insured ETF in the 3rd quarter valued at about $464,000. Finally, Lebenthal Global Advisors LLC acquired a new stake in shares of NYLIM MacKay Municipal Insured ETF in the third quarter valued at $520,000.

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.