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

iShares New York Muni Bond ETF (NYSEARCA:NYF) shares hit a new 52-week low during trading on Monday. The stock traded as low as $50.32 and last traded at $50.2450, with a volume of 28463 shares. The stock had previously closed at $50.61.

iShares New York Muni Bond ETF Price Performance

The firm has a 50 day moving average price of $52.41 and a 200 day moving average price of $53.13.

Institutional Trading of iShares New York Muni Bond ETF

Hedge funds have recently modified their holdings of the company. Bank of America Corp DE boosted its stake in iShares New York Muni Bond ETF by 12.9% during the first quarter. Bank of America Corp DE now owns 763,210 shares of the company’s stock worth $40,542,000 after buying an additional 87,081 shares during the period. Cora Capital Advisors LLC purchased a new position in iShares New York Muni Bond ETF in the first quarter worth $1,259,000. Hennion & Walsh Asset Management Inc. raised its position in shares of iShares New York Muni Bond ETF by 14.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 109,332 shares of the company’s stock valued at $5,894,000 after purchasing an additional 13,721 shares during the last quarter. James J. Burns & Company LLC lifted its position in iShares New York Muni Bond ETF by 36.4% during the 1st quarter. James J. Burns & Company LLC now owns 72,276 shares of the company’s stock worth $3,839,000 after acquiring an additional 19,280 shares during the period. Finally, Cornerstone Advisory LLC acquired a new stake in iShares New York Muni Bond ETF during the 1st quarter valued at approximately $645,000.

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).