NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $22.92 and traded as high as $23.07. NYLIM MacKay Municipal Insured ETF shares last traded at $23.07, with a volume of 321,521 shares changing hands.

NYLIM MacKay Municipal Insured ETF Trading Up 0.8%

The company has a 50-day moving average of $22.92 and a 200-day moving average of $23.74.

Institutional Investors Weigh In On NYLIM MacKay Municipal Insured ETF

Institutional investors have recently modified their holdings of the company. Lakeshore Capital Group Inc. bought a new stake in NYLIM MacKay Municipal Insured ETF during the third quarter valued at $358,000. Cooper Financial Group raised its position in shares of NYLIM MacKay Municipal Insured ETF by 38.6% in the 3rd quarter. Cooper Financial Group now owns 20,286 shares of the company’s stock worth $452,000 after acquiring an additional 5,645 shares in the last quarter. Purus Wealth Management LLC raised its position in shares of NYLIM MacKay Municipal Insured ETF by 6.4% in the 3rd quarter. Purus Wealth Management LLC now owns 77,485 shares of the company’s stock worth $1,725,000 after acquiring an additional 4,690 shares in the last quarter. ACT Advisors LLC. raised its position in shares of NYLIM MacKay Municipal Insured ETF by 7.0% in the 3rd quarter. ACT Advisors LLC. now owns 594,619 shares of the company’s stock worth $13,236,000 after acquiring an additional 39,061 shares in the last quarter. Finally, Cornerstone Advisors Asset Management LLC lifted its stake in shares of NYLIM MacKay Municipal Insured ETF by 5.2% in the 1st quarter. Cornerstone Advisors Asset Management LLC now owns 700,318 shares of the company’s stock valued at $16,605,000 after purchasing an additional 34,447 shares during the period.

About NYLIM 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.