Sax Wealth Advisors LLC Takes Position in iShares New York Muni Bond ETF $NYF

Sax Wealth Advisors LLC bought a new stake in shares of iShares New York Muni Bond ETF (NYSEARCA:NYF) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 16,075 shares of the company’s stock, valued at approximately $854,000.

Several other hedge funds also recently modified their holdings of the stock. Revolve Wealth Partners LLC lifted its stake in iShares New York Muni Bond ETF by 5.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 22,891 shares of the company’s stock valued at $1,218,000 after acquiring an additional 1,109 shares in the last quarter. Royal Bank of Canada boosted its holdings in iShares New York Muni Bond ETF by 40.0% during the 1st quarter. Royal Bank of Canada now owns 9,715 shares of the company’s stock worth $512,000 after acquiring an additional 2,775 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of iShares New York Muni Bond ETF by 29.8% in the 2nd quarter. Raymond James Financial Inc. now owns 5,171 shares of the company’s stock worth $270,000 after acquiring an additional 1,186 shares in the last quarter. Jane Street Group LLC grew its stake 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 acquiring an additional 259,657 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings 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 valued at $33,648,000 after purchasing an additional 81,191 shares during the last quarter.

iShares New York Muni Bond ETF Price Performance

NYF opened at $53.01 on Tuesday. The company’s 50-day moving average is $53.47 and its 200 day moving average is $53.58. iShares New York Muni Bond ETF has a fifty-two week low of $51.93 and a fifty-two week high of $54.52.

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).