IQ MacKay Municipal Insured ETF (NYSEARCA:MMIN) Trading Up 0.3%

IQ MacKay Municipal Insured ETF (NYSEARCA:MMIN) shares were up 0.3% on Tuesday . The stock traded as high as $23.97 and last traded at $23.96. Approximately 36,006 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 77,466 shares. The stock had previously closed at $23.89.

IQ MacKay Municipal Insured ETF Stock Performance

The business’s 50-day moving average is $24.00 and its 200 day moving average is $24.21.

Hedge Funds Weigh In On IQ MacKay Municipal Insured ETF

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

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.