Cornerstone Advisors Asset Management LLC increased its position in shares of NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN – Free Report) by 5.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 700,318 shares of the company’s stock after acquiring an additional 34,447 shares during the quarter. NYLI MacKay Municipal Insured ETF makes up about 2.6% of Cornerstone Advisors Asset Management LLC’s portfolio, making the stock its 11th biggest holding. Cornerstone Advisors Asset Management LLC owned approximately 3.96% of NYLI MacKay Municipal Insured ETF worth $16,605,000 at the end of the most recent reporting period.
Separately, NewEdge Advisors LLC acquired a new stake in NYLI MacKay Municipal Insured ETF during the first quarter worth about $398,000.
NYLI MacKay Municipal Insured ETF Price Performance
Shares of MMIN stock opened at $23.98 on Monday. The firm’s 50-day moving average is $24.05 and its two-hundred day moving average is $24.05. NYLI MacKay Municipal Insured ETF has a 12 month low of $22.77 and a 12 month high of $24.44.
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.
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