NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN – Get Free Report) Director Todd Reit purchased 4,400 shares of the company’s stock in a transaction dated Tuesday, July 21st. The stock was purchased at an average price of $2.49 per share, for a total transaction of $10,956.00. Following the transaction, the director directly owned 4,400 shares in the company, valued at approximately $10,956. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
NYLI MacKay Municipal Insured ETF Trading Down 0.9%
MMIN opened at $23.62 on Friday. NYLI MacKay Municipal Insured ETF has a twelve month low of $22.77 and a twelve month high of $24.44. The company has a fifty day moving average of $24.04 and a 200-day moving average of $24.05.
Institutional Investors Weigh In On NYLI MacKay Municipal Insured ETF
Several institutional investors and hedge funds have recently made changes to their positions in the business. Cornerstone Advisors Asset Management LLC grew its stake in shares of NYLI MacKay Municipal Insured ETF by 5.2% in the 1st quarter. Cornerstone Advisors Asset Management LLC now owns 700,318 shares of the company’s stock valued at $16,605,000 after buying an additional 34,447 shares during the period. Hilton Head Capital Partners LLC acquired a new position in NYLI MacKay Municipal Insured ETF during the 4th quarter worth approximately $1,712,000. Finally, NewEdge Advisors LLC raised its stake in NYLI MacKay Municipal Insured ETF by 80.2% during the 3rd quarter. NewEdge Advisors LLC now owns 33,991 shares of the company’s stock worth $809,000 after buying an additional 15,132 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.
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