IQ MacKay Municipal Insured ETF (NYSEARCA:MMIN) Stock Price Up 0.1%

IQ MacKay Municipal Insured ETF (NYSEARCA:MMIN) rose 0.1% during trading on Thursday . The stock traded as high as $24.57 and last traded at $24.48. Approximately 42,216 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 81,102 shares. The stock had previously closed at $24.45.

IQ MacKay Municipal Insured ETF Stock Up 0.5 %

The company’s 50 day moving average price is $24.36 and its 200 day moving average price is $24.17.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in IQ MacKay Municipal Insured ETF stock. Waterloo Capital L.P. purchased a new position in IQ MacKay Municipal Insured ETF (NYSEARCA:MMIN) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 9,149 shares of the company’s stock, valued at approximately $225,000. Waterloo Capital L.P. owned about 0.05% of IQ MacKay Municipal Insured ETF as of its most recent SEC filing.

About IQ 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.