Cora Capital Advisors LLC Buys New Stake in iShares New York Muni Bond ETF $NYF

Cora Capital Advisors LLC purchased a new stake in iShares New York Muni Bond ETF (NYSEARCA:NYF) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 23,700 shares of the company’s stock, valued at approximately $1,259,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NYF. TIAA Trust National Association raised its stake in shares of iShares New York Muni Bond ETF by 5.4% during the 4th quarter. TIAA Trust National Association now owns 1,097,570 shares of the company’s stock valued at $58,731,000 after buying an additional 56,695 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% in the second quarter. Bank of America Corp DE now owns 645,341 shares of the company’s stock worth $33,648,000 after buying an additional 81,191 shares during the last quarter. HighTower Advisors LLC grew its holdings in iShares New York Muni Bond ETF by 28.7% during the fourth quarter. HighTower Advisors LLC now owns 551,679 shares of the company’s stock worth $29,520,000 after acquiring an additional 123,158 shares during the period. Facet Wealth Inc. grew its holdings in iShares New York Muni Bond ETF by 13.5% during the fourth quarter. Facet Wealth Inc. now owns 507,764 shares of the company’s stock worth $27,343,000 after acquiring an additional 60,420 shares during the period. Finally, Alesco Advisors LLC grew its holdings in iShares New York Muni Bond ETF by 4.8% during the fourth quarter. Alesco Advisors LLC now owns 435,454 shares of the company’s stock worth $23,301,000 after acquiring an additional 19,989 shares during the period.

iShares New York Muni Bond ETF Trading Down 0.1%

Shares of NYF stock opened at $53.77 on Wednesday. iShares New York Muni Bond ETF has a twelve month low of $51.58 and a twelve month high of $54.52. The stock has a 50 day moving average of $53.54 and a 200 day moving average of $53.63.

iShares New York Muni Bond ETF 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).