iShares New York Muni Bond ETF (NYSEARCA:NYF) Sees Large Volume Increase – What’s Next?

Shares of iShares New York Muni Bond ETF (NYSEARCA:NYF) saw an uptick in trading volume on Tuesday . 119,603 shares were traded during mid-day trading, a decline of 1% from the previous session’s volume of 120,744 shares.The stock last traded at $53.8150 and had previously closed at $53.80.

iShares New York Muni Bond ETF Stock Up 0.1%

The company’s fifty day moving average is $53.58 and its two-hundred day moving average is $52.98.

Institutional Investors Weigh In On iShares New York Muni Bond ETF

A number of institutional investors have recently made changes to their positions in NYF. Flagstar Advisors Inc. lifted its stake in iShares New York Muni Bond ETF by 3.5% in the fourth quarter. Flagstar Advisors Inc. now owns 9,386 shares of the company’s stock valued at $502,000 after buying an additional 320 shares during the period. Stonehage Fleming Financial Services Holdings Ltd raised its position in shares of iShares New York Muni Bond ETF by 50.6% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 18,087 shares of the company’s stock valued at $968,000 after acquiring an additional 6,077 shares during the period. Evanson Asset Management LLC acquired a new position in iShares New York Muni Bond ETF during the fourth quarter valued at approximately $250,000. Perennial Advisors LLC increased its stake in iShares New York Muni Bond ETF by 7.0% in the fourth quarter. Perennial Advisors LLC now owns 26,870 shares of the company’s stock valued at $1,438,000 after purchasing an additional 1,765 shares in the last quarter. Finally, Dopkins Wealth Management LLC increased its stake in iShares New York Muni Bond ETF by 9.2% in the fourth quarter. Dopkins Wealth Management LLC now owns 13,711 shares of the company’s stock valued at $734,000 after purchasing an additional 1,155 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). 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).