iShares New York Muni Bond ETF (NYSEARCA:NYF) Hits New 1-Year High – What’s Next?

Shares of iShares New York Muni Bond ETF (NYSEARCA:NYF) hit a new 52-week high during trading on Monday . The stock traded as high as $54.27 and last traded at $54.30, with a volume of 258218 shares. The stock had previously closed at $54.23.

iShares New York Muni Bond ETF Price Performance

The company’s 50 day moving average is $53.79 and its 200 day moving average is $53.39.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NYF. Osaic Holdings Inc. boosted its holdings in shares of iShares New York Muni Bond ETF by 0.4% during the 4th quarter. Osaic Holdings Inc. now owns 51,035 shares of the company’s stock valued at $2,731,000 after acquiring an additional 188 shares in the last quarter. Conrad Siegel Investment Advisors Inc. grew its holdings in shares of iShares New York Muni Bond ETF by 0.9% during the third quarter. Conrad Siegel Investment Advisors Inc. now owns 24,657 shares of the company’s stock worth $1,315,000 after purchasing an additional 219 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co raised its holdings in iShares New York Muni Bond ETF by 2.0% in the 2nd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 11,544 shares of the company’s stock valued at $602,000 after buying an additional 225 shares during the last quarter. Manhattan West Asset Management LLC boosted its position in iShares New York Muni Bond ETF by 5.0% during the 4th quarter. Manhattan West Asset Management LLC now owns 5,071 shares of the company’s stock worth $271,000 after buying an additional 242 shares during the period. Finally, Carnegie Investment Counsel raised its stake in shares of iShares New York Muni Bond ETF by 0.5% during the fourth quarter. Carnegie Investment Counsel now owns 54,054 shares of the company’s stock valued at $2,892,000 after acquiring an additional 260 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).