iShares New York Muni Bond ETF (NYSEARCA:NYF) Reaches New 12-Month High – Here’s What Happened

iShares New York Muni Bond ETF (NYSEARCA:NYF) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $54.27 and last traded at $54.30, with a volume of 258218 shares. The stock had previously closed at $54.23.

iShares New York Muni Bond ETF Trading Up 0.1%

The stock has a fifty day simple moving average of $53.82 and a two-hundred day simple moving average of $53.42.

Institutional Investors Weigh In On iShares New York Muni Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Osaic Holdings Inc. grew its stake in iShares New York Muni Bond ETF by 0.4% in the 4th quarter. Osaic Holdings Inc. now owns 51,035 shares of the company’s stock worth $2,731,000 after buying an additional 188 shares in the last quarter. Conrad Siegel Investment Advisors Inc. raised its position in shares of iShares New York Muni Bond ETF by 0.9% during the 3rd quarter. Conrad Siegel Investment Advisors Inc. now owns 24,657 shares of the company’s stock valued at $1,315,000 after buying an additional 219 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co lifted its holdings in shares of iShares New York Muni Bond ETF by 2.0% during the 2nd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 11,544 shares of the company’s stock worth $602,000 after acquiring an additional 225 shares during the last quarter. Manhattan West Asset Management LLC grew its position in iShares New York Muni Bond ETF by 5.0% in the fourth quarter. Manhattan West Asset Management LLC now owns 5,071 shares of the company’s stock worth $271,000 after acquiring an additional 242 shares in the last quarter. Finally, Carnegie Investment Counsel increased its stake in iShares New York Muni Bond ETF by 0.5% in the fourth quarter. Carnegie Investment Counsel now owns 54,054 shares of the company’s stock valued at $2,892,000 after acquiring an additional 260 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).