NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Stock Price Down 0.6% – Time to Sell?

NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) traded down 0.6% on Tuesday . The stock traded as low as $24.00 and last traded at $24.02. 38,974 shares traded hands during trading, a decline of 53% from the average session volume of 82,314 shares. The stock had previously closed at $24.17.

NYLI MacKay Municipal Insured ETF Stock Performance

The firm has a fifty day simple moving average of $23.92 and a two-hundred day simple moving average of $24.16.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NYLI MacKay Municipal Insured ETF stock. Farther Finance Advisors LLC boosted its position in shares of NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) by 43.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,375 shares of the company’s stock after buying an additional 1,022 shares during the quarter. Farther Finance Advisors LLC’s holdings in NYLI MacKay Municipal Insured ETF were worth $83,000 as of its most recent filing with the Securities & Exchange Commission.

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.