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

NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) Director Todd Reit bought 4,400 shares of the firm’s stock in a transaction on Tuesday, July 21st. The stock was bought at an average price of $2.49 per share, with a total value of $10,956.00. Following the completion of the purchase, the director owned 4,400 shares of the company’s stock, valued at $10,956. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

NYLI MacKay Municipal Insured ETF Stock Performance

NYSEARCA:MMIN opened at $23.91 on Wednesday. The business has a 50 day simple moving average of $24.05 and a 200 day simple moving average of $24.05. NYLI MacKay Municipal Insured ETF has a 12-month low of $22.77 and a 12-month high of $24.44.

Institutional Investors Weigh In On NYLI MacKay Municipal Insured ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC acquired a new stake in NYLI MacKay Municipal Insured ETF in the first quarter worth about $398,000. Hilton Head Capital Partners LLC acquired a new position in NYLI MacKay Municipal Insured ETF during the 4th quarter valued at about $1,712,000. Finally, Cornerstone Advisors Asset Management LLC increased its stake in NYLI MacKay Municipal Insured ETF by 5.2% during 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.

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.