iShares New York Muni Bond ETF (NYSEARCA:NYF) Reaches New 52-Week High – Time to Buy?

iShares New York Muni Bond ETF (NYSEARCA:NYF)’s stock price hit a new 52-week high on Monday . The stock traded as high as $54.95 and last traded at $53.79, with a volume of 150 shares. The stock had previously closed at $53.88.

iShares New York Muni Bond ETF Price Performance

The firm’s fifty day moving average price is $53.64 and its 200-day moving average price is $53.19.

Institutional Trading of iShares New York Muni Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Flow Traders U.S. LLC grew its holdings in shares of iShares New York Muni Bond ETF by 439.6% during the second quarter. Flow Traders U.S. LLC now owns 26,274 shares of the company’s stock worth $1,370,000 after buying an additional 21,405 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in iShares New York Muni Bond ETF by 31.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 112,440 shares of the company’s stock worth $5,999,000 after acquiring an additional 26,874 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of iShares New York Muni Bond ETF in the 3rd quarter valued at approximately $590,000. Retirement Planning Group LLC acquired a new position in shares of iShares New York Muni Bond ETF in the third quarter valued at approximately $3,636,000. Finally, Klingman & Associates LLC raised its stake in shares of iShares New York Muni Bond ETF by 4.9% during the third quarter. Klingman & Associates LLC now owns 233,173 shares of the company’s stock worth $12,440,000 after purchasing an additional 10,819 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).