iShares New York Muni Bond ETF (NYSEARCA:NYF) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of iShares New York Muni Bond ETF (NYSEARCA:NYF) saw unusually-high trading volume on Friday . Approximately 162,731 shares changed hands during trading, an increase of 133% from the previous session’s volume of 69,872 shares.The stock last traded at $52.91 and had previously closed at $53.06.

iShares New York Muni Bond ETF Stock Performance

The business has a 50 day moving average of $53.57 and a 200-day moving average of $53.75.

Institutional Trading of iShares New York Muni Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of iShares New York Muni Bond ETF by 40.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 26,009 shares of the company’s stock valued at $1,413,000 after purchasing an additional 7,453 shares during the last quarter. GAMMA Investing LLC increased its stake in iShares New York Muni Bond ETF by 3.1% in the 4th quarter. GAMMA Investing LLC now owns 8,654 shares of the company’s stock valued at $461,000 after buying an additional 262 shares during the last quarter. JPMorgan Chase & Co. lifted its position in iShares New York Muni Bond ETF by 11.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 93,626 shares of the company’s stock worth $5,087,000 after buying an additional 9,417 shares in the last quarter. SOA Wealth Advisors LLC. boosted its stake in shares of iShares New York Muni Bond ETF by 45.7% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 27,398 shares of the company’s stock worth $1,489,000 after buying an additional 8,588 shares during the last quarter. Finally, MML Investors Services LLC increased its position in shares of iShares New York Muni Bond ETF by 20.5% in the third quarter. MML Investors Services LLC now owns 26,561 shares of the company’s stock valued at $1,443,000 after acquiring an additional 4,510 shares during the last quarter.

iShares New York Muni Bond ETF Company Profile

iShares New York AMT-Free Muni Bond ETF, formerly iShares S&P New York AMT-Free Municipal Bond Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P AMT-Free Municipal Series 2016 IndexTM (the Index).