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NYSEARCA:MMIN

IQ MacKay Municipal Insured ETF (MMIN) Price, Holdings, & News

$24.07
+0.05 (+0.21%)
(As of 05/31/2023 ET)
Compare
Today's Range
$24.00
$24.11
50-Day Range
$23.83
$24.65
52-Week Range
$22.53
$25.04
Volume
126,715 shs
Average Volume
102,170 shs
Market Capitalization
$361.05 million
Assets Under Management
$361.81 million
Dividend Yield
2.91%
Net Expense Ratio
0.31%
MMIN stock logo

About IQ MacKay Municipal Insured ETF (NYSEARCA:MMIN)

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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MMIN ETF News Headlines

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Fund Details

Issuer
IndexIQ
Fund Name
IQ MacKay Municipal Insured ETF
Tax Classification
Regulated Investment Company
Current Symbol
NYSEARCA:MMIN
Inception Date
10/18/2017
Fund Manager
John Loffredo, Robert DiMella, Michael Petty, David Dowden, Scott Sprauer, John Lawlor
Web
N/A
Phone
N/A

Fund Focus

Asset Class
Fixed Income
Benchmark
N/A
Category
Municipals
Focus
Investment Grade
Development Level
Developed Markets
Region
North America
Number of Holdings
280

Fund Statistics

Assets Under Management
$361.81 million
Average Daily Volume
$131,462.80
Discount/Premium
0.06%

Administrator, Advisor and Custodian

Administrator
The Bank of New York Mellon Corporation
Advisor
IndexIQ Advisors LLC
Custodian
The Bank of New York Mellon Corporation
Distributor
ALPS Distributors, Inc.
Transfer Agent
The Bank of New York Mellon Corporation
Trustee
N/A
Lead Market Maker
GTS

Options

Optionable
N/A
Short Interest
70,700 shs

Miscellaneous

Beta
0.13
Creation Unit
50,000
Creation Fee
$500.00


IQ MacKay Municipal Insured ETF Expenses

TypeMMINInvestment Grade ETFsFixed Income ETFsNYSEARCA ETFsAll ETFs
Management Fee0.40%0.18%0.29%0.50%0.49%
Other Expenses0.12%0.09%0.21%0.64%0.51%
Total Expense0.52%0.20%0.35%0.74%0.66%
Fee Waiver-0.21%-0.15%-0.22%-0.70%-0.52%
Net Expense0.31%0.18%0.32%0.57%0.55%

IQ MacKay Municipal Insured ETF (MMIN) Holdings & Exposure

Top 10 MMIN Holdings

  • SAN MATEO CALIF SPL TAX 5.25%
    Holding Weight: 1.37%
  • HEBER LT & PWR CO UTAH ELEC REV 5%
    Holding Weight: 1.32%
  • SACRAMENTO CALIF CITY FING AUTH REV 0%
    Holding Weight: 1.32%
  • CHICAGO ILL TRAN AUTH SALES TAX RCPTS REV 4%
    Holding Weight: 1.30%
  • ALBERTVILLE ALA 5%
    Holding Weight: 1.29%
  • TEXAS ST TECHNICAL COLLEGE SYS FING SYS REV 5.5%
    Holding Weight: 1.26%
  • Dreyfus Tax Exempt Cash
    Holding Weight: 1.24%
  • JOLIET ILL 5.5%
    Holding Weight: 1.18%
  • WILL CNTY ILL SCH DIST NO 114 MANHATTAN 5.5%
    Holding Weight: 1.18%
  • WILL CNTY ILL CMNTY UNIT SCH DIST NO 201-U CRETE-MONEE 5.25%
    Holding Weight: 1.13%

MMIN Sector Exposure

MMIN Industry Exposure














MMIN ETF - Frequently Asked Questions

How have MMIN shares performed in 2023?

IQ MacKay Municipal Insured ETF's stock was trading at $23.75 at the beginning of 2023. Since then, MMIN stock has increased by 1.3% and is now trading at $24.07.
View the best growth stocks for 2023 here
.

What does MMIN invest in?

IQ MacKay Municipal Insured ETF is a fixed income fund issued by IndexIQ. MMIN focuses on investment grade investments. The fund's investments total to approximately $361.81 million assets under management.

What is the management fee for IQ MacKay Municipal Insured ETF?

IQ MacKay Municipal Insured ETF's management fee is 0.40% and has other expenses of 0.12%. However, MMIN has a fee waiver of -0.21% to reimburse the expenses. The net expense ratio for MMIN is 0.31%.

What is IQ MacKay Municipal Insured ETF's stock symbol?

IQ MacKay Municipal Insured ETF trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "MMIN."

Who are IQ MacKay Municipal Insured ETF's major shareholders?

IQ MacKay Municipal Insured ETF's stock is owned by a number of retail and institutional investors. Top institutional investors include Flow Traders U.S. LLC (0.34%), Bank of New York Mellon Corp (0.16%), Janney Montgomery Scott LLC (0.09%) and Clearview Wealth Advisors LLC (0.01%).

How do I buy shares of IQ MacKay Municipal Insured ETF?

Shares of MMIN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is IQ MacKay Municipal Insured ETF's stock price today?

One share of MMIN stock can currently be purchased for approximately $24.07.

How much money does IQ MacKay Municipal Insured ETF make?

IQ MacKay Municipal Insured ETF (NYSEARCA:MMIN) has a market capitalization of $361.05 million.

This page (NYSEARCA:MMIN) was last updated on 5/31/2023 by MarketBeat.com Staff

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