IQ MacKay Municipal Insured ETF (NYSEARCA:MMIN) Trading 0.1% Higher

IQ MacKay Municipal Insured ETF (NYSEARCA:MMIN) shares were up 0.1% during mid-day trading on Monday . The stock traded as high as $23.99 and last traded at $23.98. Approximately 55,753 shares changed hands during trading, a decline of 36% from the average daily volume of 86,649 shares. The stock had previously closed at $23.97.

IQ MacKay Municipal Insured ETF Price Performance

The company’s 50-day moving average is $24.23 and its 200 day moving average is $23.93.

IQ MacKay Municipal Insured ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were issued a dividend of $0.0808 per share. The ex-dividend date of this dividend was Monday, April 1st. This is a positive change from IQ MacKay Municipal Insured ETF’s previous dividend of $0.08.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in IQ MacKay Municipal Insured ETF stock. Waterloo Capital L.P. bought a new stake in shares of IQ MacKay Municipal Insured ETF (NYSEARCA:MMIN) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,149 shares of the company’s stock, valued at approximately $225,000. Waterloo Capital L.P. owned 0.05% of IQ MacKay Municipal Insured ETF at the end of the most recent reporting period.

IQ 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.