iShares New York Muni Bond ETF (NYSEARCA:NYF) Hits New 1-Year High – Here’s Why

iShares New York Muni Bond ETF (NYSEARCA:NYF) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $53.98 and last traded at $53.9750, with a volume of 47521 shares trading hands. The stock had previously closed at $53.92.

iShares New York Muni Bond ETF Stock Performance

The stock has a 50 day moving average price of $53.66 and a two-hundred day moving average price of $53.24.

Institutional Trading of iShares New York Muni Bond ETF

A number of institutional investors have recently modified their holdings of NYF. Legacy Edge Advisors LLC bought a new stake in iShares New York Muni Bond ETF during the fourth quarter worth about $15,730,000. Jane Street Group LLC grew its holdings in shares of iShares New York Muni Bond ETF by 296.8% during the 2nd quarter. Jane Street Group LLC now owns 347,152 shares of the company’s stock valued at $18,101,000 after purchasing an additional 259,657 shares during the last quarter. TIAA Trust National Association increased its position in iShares New York Muni Bond ETF by 21.2% during the 3rd quarter. TIAA Trust National Association now owns 1,040,875 shares of the company’s stock worth $55,531,000 after purchasing an additional 182,200 shares in the last quarter. HighTower Advisors LLC increased its position in iShares New York Muni Bond ETF by 28.7% during the 4th quarter. HighTower Advisors LLC now owns 551,679 shares of the company’s stock worth $29,520,000 after purchasing an additional 123,158 shares in the last quarter. Finally, Alesco Advisors LLC lifted its stake in iShares New York Muni Bond ETF by 42.0% in the 3rd quarter. Alesco Advisors LLC now owns 415,465 shares of the company’s stock valued at $22,165,000 after purchasing an additional 122,915 shares during the last quarter.

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).