NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Director Todd Reit Purchases 4,400 Shares

NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Director Todd Reit bought 4,400 shares of the stock in a transaction dated Tuesday, July 21st. The stock was bought at an average cost of $2.49 per share, for a total transaction of $10,956.00. Following the acquisition, the director directly owned 4,400 shares of the company’s stock, valued at approximately $10,956. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

NYLI MacKay Municipal Insured ETF Stock Performance

MMIN traded down $0.07 during trading on Tuesday, hitting $23.90. 69,660 shares of the company traded hands, compared to its average volume of 87,675. The stock’s 50-day simple moving average is $24.05 and its two-hundred day simple moving average is $24.05. NYLI MacKay Municipal Insured ETF has a 1 year low of $22.77 and a 1 year high of $24.44.

Institutional Trading of NYLI MacKay Municipal Insured ETF

A number of large investors have recently made changes to their positions in the business. NewEdge Advisors LLC bought a new position in shares of NYLI MacKay Municipal Insured ETF during the 1st quarter valued at approximately $398,000. Hilton Head Capital Partners LLC bought a new stake in NYLI MacKay Municipal Insured ETF in the fourth quarter worth $1,712,000. Finally, Cornerstone Advisors Asset Management LLC boosted its stake in 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 buying an additional 34,447 shares during the period.

NYLI MacKay Municipal Insured ETF Company Profile

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.