Bank of New York Mellon Corp Cuts Position in NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN)

Bank of New York Mellon Corp reduced its stake in shares of NYLI MacKay Municipal Insured ETF (NYSEARCA:MMIN) by 2.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 50,222 shares of the company’s stock after selling 1,187 shares during the period. Bank of New York Mellon Corp’s holdings in NYLI MacKay Municipal Insured ETF were worth $1,197,000 at the end of the most recent reporting period.

Separately, Janney Montgomery Scott LLC increased its stake in NYLI MacKay Municipal Insured ETF by 23.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 14,353 shares of the company’s stock valued at $342,000 after purchasing an additional 2,684 shares in the last quarter.

NYLI MacKay Municipal Insured ETF Trading Down 0.1 %

MMIN opened at $23.75 on Tuesday. NYLI MacKay Municipal Insured ETF has a one year low of $23.33 and a one year high of $24.65. The business’s fifty day moving average is $23.92 and its two-hundred day moving average is $24.11.

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.