NYLIM MacKay Municipal Insured ETF $MMIN Shares Bought by Cornerstone Advisors Asset Management LLC

Cornerstone Advisors Asset Management LLC grew its position in NYLIM MacKay Municipal Insured ETF (NYSEARCA:MMIN) by 10.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 770,531 shares of the company’s stock after buying an additional 75,904 shares during the quarter. NYLIM MacKay Municipal Insured ETF accounts for approximately 1.9% of Cornerstone Advisors Asset Management LLC’s holdings, making the stock its 13th biggest holding. Cornerstone Advisors Asset Management LLC owned 3.05% of NYLIM MacKay Municipal Insured ETF worth $17,152,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp purchased a new stake in NYLIM MacKay Municipal Insured ETF in the 3rd quarter worth approximately $450,000. Cornerstone Wealth Management LLC purchased a new stake in shares of NYLIM MacKay Municipal Insured ETF in the third quarter valued at $252,000. Narwhal Capital Management acquired a new position in NYLIM MacKay Municipal Insured ETF in the third quarter valued at $464,000. Landmark Wealth Management LLC increased its stake in NYLIM MacKay Municipal Insured ETF by 32.9% in the third quarter. Landmark Wealth Management LLC now owns 39,031 shares of the company’s stock valued at $869,000 after purchasing an additional 9,655 shares during the last quarter. Finally, Commonwealth Equity Services LLC purchased a new position in NYLIM MacKay Municipal Insured ETF during the third quarter worth about $1,628,000.

NYLIM MacKay Municipal Insured ETF Price Performance

Shares of NYSEARCA:MMIN opened at $23.06 on Friday. The stock’s 50-day moving average price is $22.83 and its two-hundred day moving average price is $23.68. NYLIM MacKay Municipal Insured ETF has a 12-month low of $22.11 and a 12-month high of $24.44.

NYLIM 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.