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

iShares New York Muni Bond ETF (NYSEARCA:NYF) shares saw unusually-strong trading volume on Tuesday. 814,767 shares traded hands during trading, an increase of 289% from the previous session’s volume of 209,692 shares. The stock last traded at $50.1050 and had previously closed at $50.22.

iShares New York Muni Bond ETF Stock Down 0.3%

The stock has a 50 day simple moving average of $52.35 and a two-hundred day simple moving average of $53.10.

Institutional Trading of iShares New York Muni Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Root Financial Partners LLC boosted its stake in iShares New York Muni Bond ETF by 45.1% during the 1st quarter. Root Financial Partners LLC now owns 1,110 shares of the company’s stock worth $59,000 after purchasing an additional 345 shares during the period. North Star Investment Management Corp. increased its stake in iShares New York Muni Bond ETF by 92.7% in the first quarter. North Star Investment Management Corp. now owns 3,950 shares of the company’s stock valued at $210,000 after purchasing an additional 1,900 shares during the period. Chesley Taft & Associates LLC increased its stake in iShares New York Muni Bond ETF by 9.8% in the second quarter. Chesley Taft & Associates LLC now owns 4,500 shares of the company’s stock valued at $243,000 after purchasing an additional 400 shares during the period. Modera Wealth Management LLC purchased a new stake in shares of iShares New York Muni Bond ETF in the first quarter valued at about $242,000. Finally, XY Planning Network Inc. purchased a new stake in shares of iShares New York Muni Bond ETF in the second quarter valued at about $251,000.

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).