iShares New York Muni Bond ETF (NYSEARCA:NYF) Sees Unusually-High Trading Volume – Here’s What Happened

iShares New York Muni Bond ETF (NYSEARCA:NYF) shares saw an uptick in trading volume on Tuesday . 273,503 shares traded hands during mid-day trading, an increase of 281% from the previous session’s volume of 71,719 shares.The stock last traded at $51.68 and had previously closed at $51.62.

iShares New York Muni Bond ETF Stock Performance

The company’s 50 day simple moving average is $52.86 and its two-hundred day simple moving average is $53.33.

Institutional Trading of iShares New York Muni Bond ETF

Several hedge funds have recently modified their holdings of NYF. Stifel Financial Corp grew its position in shares of iShares New York Muni Bond ETF by 6.4% during the 3rd quarter. Stifel Financial Corp now owns 14,075 shares of the company’s stock worth $765,000 after buying an additional 847 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in iShares New York Muni Bond ETF by 40.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 26,009 shares of the company’s stock worth $1,413,000 after purchasing an additional 7,453 shares during the period. GAMMA Investing LLC grew its holdings in shares of iShares New York Muni Bond ETF by 3.1% in the 4th quarter. GAMMA Investing LLC now owns 8,654 shares of the company’s stock valued at $461,000 after buying an additional 262 shares during the period. Avantax Advisory Services Inc. raised its stake in iShares New York Muni Bond ETF by 21.2% during the 4th quarter. Avantax Advisory Services Inc. now owns 7,145 shares of the company’s stock worth $380,000 after buying an additional 1,248 shares during the period. Finally, LPL Financial LLC lifted its holdings in iShares New York Muni Bond ETF by 6.3% during the fourth quarter. LPL Financial LLC now owns 113,639 shares of the company’s stock worth $6,048,000 after acquiring an additional 6,708 shares in 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).