iShares New York Muni Bond ETF (NYSEARCA:NYF) Reaches New 52-Week High – What’s Next?

iShares New York Muni Bond ETF (NYSEARCA:NYF) reached a new 52-week high during trading on Monday . The company traded as high as $54.20 and last traded at $53.52, with a volume of 100 shares trading hands. The stock had previously closed at $53.47.

iShares New York Muni Bond ETF Price Performance

The company’s 50-day moving average is $53.59 and its 200-day moving average is $52.87.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NYF. Jane Street Group LLC grew its position in iShares New York Muni Bond ETF by 296.8% during the second quarter. Jane Street Group LLC now owns 347,152 shares of the company’s stock valued at $18,101,000 after acquiring an additional 259,657 shares during the period. TIAA Trust National Association grew its holdings in shares of iShares New York Muni Bond ETF by 21.2% during the 3rd quarter. TIAA Trust National Association now owns 1,040,875 shares of the company’s stock worth $55,531,000 after purchasing an additional 182,200 shares during the period. Jones Financial Companies Lllp purchased a new stake in shares of iShares New York Muni Bond ETF during the 1st quarter worth about $7,054,000. Alesco Advisors LLC increased its position in iShares New York Muni Bond ETF by 42.0% during the 3rd quarter. Alesco Advisors LLC now owns 415,465 shares of the company’s stock worth $22,165,000 after purchasing an additional 122,915 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in iShares New York Muni Bond ETF by 14.4% in the second quarter. Bank of America Corp DE now owns 645,341 shares of the company’s stock valued at $33,648,000 after buying an additional 81,191 shares during the period.

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). The Underlying Index measures the performance of investment-grade, noncallable United States municipal bonds maturing in 2016. The Index includes municipal bonds primarily from issuers that are state or local governments or agencies such that the interest on the bonds is exempt from United States federal income taxes and the federal alternative minimum tax (AMT).