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-strong trading volume on Tuesday . Approximately 119,603 shares traded hands during trading, a decline of 1% from the previous session’s volume of 120,744 shares.The stock last traded at $53.8150 and had previously closed at $53.80.

iShares New York Muni Bond ETF Price Performance

The business’s 50-day moving average is $53.59 and its 200 day moving average is $53.01.

Institutional Investors Weigh In On iShares New York Muni Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC boosted its holdings in iShares New York Muni Bond ETF by 296.8% during the 2nd 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 lifted its position in iShares New York Muni Bond ETF by 21.2% in the third quarter. TIAA Trust National Association now owns 1,040,875 shares of the company’s stock valued at $55,531,000 after purchasing an additional 182,200 shares during the last quarter. Alesco Advisors LLC lifted its position in iShares New York Muni Bond ETF by 42.0% in the third quarter. Alesco Advisors LLC now owns 415,465 shares of the company’s stock valued at $22,165,000 after purchasing an additional 122,915 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of iShares New York Muni Bond ETF by 14.4% during the second quarter. Bank of America Corp DE now owns 645,341 shares of the company’s stock valued at $33,648,000 after purchasing an additional 81,191 shares during the period. Finally, Retirement Planning Group LLC bought a new position in shares of iShares New York Muni Bond ETF in the third quarter worth approximately $3,636,000.

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).