iShares New York Muni Bond ETF (NYSEARCA:NYF) Sees Large Volume Increase – What’s Next?

Shares of iShares New York Muni Bond ETF (NYSEARCA:NYF) saw unusually-strong trading volume on Friday . Approximately 394,878 shares traded hands during trading, an increase of 324% from the previous session’s volume of 93,090 shares.The stock last traded at $52.89 and had previously closed at $52.94.

iShares New York Muni Bond ETF Stock Down 0.1 %

The business’s fifty day simple moving average is $53.34 and its 200 day simple moving average is $53.65.

Institutional Investors Weigh In On iShares New York Muni Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Flagstar Advisors Inc. lifted its stake in shares of iShares New York Muni Bond ETF by 1.7% in the third quarter. Flagstar Advisors Inc. now owns 13,840 shares of the company’s stock valued at $752,000 after buying an additional 231 shares in the last quarter. Bell Investment Advisors Inc lifted its position in iShares New York Muni Bond ETF by 2.7% in the 4th quarter. Bell Investment Advisors Inc now owns 8,819 shares of the company’s stock valued at $469,000 after acquiring an additional 235 shares in the last quarter. Wealth Alliance boosted its stake in iShares New York Muni Bond ETF by 4.0% during the 4th quarter. Wealth Alliance now owns 6,138 shares of the company’s stock valued at $327,000 after purchasing an additional 236 shares during the last quarter. GAMMA Investing LLC increased its holdings in iShares New York Muni Bond ETF by 3.1% during the 4th quarter. GAMMA Investing LLC now owns 8,654 shares of the company’s stock worth $461,000 after purchasing an additional 262 shares in the last quarter. Finally, W.G. Shaheen & Associates DBA Whitney & Co increased its holdings in iShares New York Muni Bond ETF by 3.6% during the 4th quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 9,284 shares of the company’s stock worth $494,000 after purchasing an additional 325 shares in 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).