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

Shares of iShares New York Muni Bond ETF (NYSEARCA:NYF) saw strong trading volume on Friday . 400,944 shares were traded during mid-day trading, an increase of 132% from the previous session’s volume of 172,790 shares.The stock last traded at $51.6950 and had previously closed at $51.42.

iShares New York Muni Bond ETF Stock Up 0.4%

The firm’s 50 day moving average is $52.92 and its 200 day moving average is $53.35.

Hedge Funds Weigh In On iShares New York Muni Bond ETF

A number of hedge funds have recently modified their holdings of NYF. TIAA Trust National Association grew its stake in shares of iShares New York Muni Bond ETF by 5.4% in the fourth quarter. TIAA Trust National Association now owns 1,097,570 shares of the company’s stock worth $58,731,000 after purchasing an additional 56,695 shares during the last quarter. Bank of America Corp DE raised its position in iShares New York Muni Bond ETF by 12.9% during the 1st quarter. Bank of America Corp DE now owns 763,210 shares of the company’s stock valued at $40,542,000 after purchasing an additional 87,081 shares during the last quarter. HighTower Advisors LLC lifted its holdings in iShares New York Muni Bond ETF by 28.7% in the 4th quarter. HighTower Advisors LLC now owns 551,679 shares of the company’s stock worth $29,520,000 after buying an additional 123,158 shares during the period. Alesco Advisors LLC An ESL Co lifted its holdings in iShares New York Muni Bond ETF by 5.9% in the 1st quarter. Alesco Advisors LLC An ESL Co now owns 461,036 shares of the company’s stock worth $24,490,000 after buying an additional 25,582 shares during the period. Finally, Jane Street Group LLC grew its position in shares of iShares New York Muni Bond ETF by 296.8% in the 2nd quarter. Jane Street Group LLC now owns 347,152 shares of the company’s stock worth $18,101,000 after buying an additional 259,657 shares during the last quarter.

About iShares New York Muni Bond ETF

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).