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 unusually-high trading volume on Thursday . Approximately 476,452 shares were traded during mid-day trading, an increase of 190% from the previous session’s volume of 164,191 shares.The stock last traded at $52.95 and had previously closed at $52.97.

iShares New York Muni Bond ETF Stock Performance

The stock’s 50 day moving average price is $53.50 and its 200-day moving average price is $53.59.

Institutional Investors Weigh In On iShares New York Muni Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Revolve Wealth Partners LLC grew its stake in iShares New York Muni Bond ETF by 5.1% in 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 during the period. Royal Bank of Canada raised its position in shares of 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 valued at $512,000 after buying an additional 2,775 shares during the period. Raymond James Financial Inc. raised its position in iShares New York Muni Bond ETF by 29.8% in the second quarter. Raymond James Financial Inc. now owns 5,171 shares of the company’s stock valued at $270,000 after purchasing an additional 1,186 shares during the period. Jane Street Group LLC raised its holdings in 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 valued at $18,101,000 after buying an additional 259,657 shares during the period. Finally, Bank of America Corp DE increased its holdings in iShares New York Muni Bond ETF by 14.4% in the 2nd 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 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).