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

iShares New York Muni Bond ETF (NYSEARCA:NYF) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $52.10 and last traded at $52.10, with a volume of 257965 shares trading hands. The stock had previously closed at $52.12.

iShares New York Muni Bond ETF Stock Performance

The stock has a 50 day moving average price of $53.16 and a 200-day moving average price of $53.44.

Hedge Funds Weigh In On iShares New York Muni Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Brighton Securities CORP. lifted its position in iShares New York Muni Bond ETF by 0.8% in the second quarter. Brighton Securities CORP. now owns 23,741 shares of the company’s stock valued at $1,280,000 after purchasing an additional 188 shares during the last quarter. Osaic Holdings Inc. grew its holdings in shares of iShares New York Muni Bond ETF by 0.4% in the fourth quarter. Osaic Holdings Inc. now owns 51,035 shares of the company’s stock worth $2,731,000 after purchasing an additional 188 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of iShares New York Muni Bond ETF by 2.1% in the first quarter. Bank of New York Mellon Corp now owns 11,948 shares of the company’s stock worth $635,000 after purchasing an additional 243 shares during the last quarter. Apella Capital LLC increased its stake in shares of iShares New York Muni Bond ETF by 2.7% in the first quarter. Apella Capital LLC now owns 10,632 shares of the company’s stock worth $571,000 after buying an additional 280 shares during the period. Finally, Sei Investments Co. increased its stake in shares of iShares New York Muni Bond ETF by 2.1% in the first quarter. Sei Investments Co. now owns 15,902 shares of the company’s stock worth $845,000 after buying an additional 321 shares during the period.

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).