Shares of iShares New York Muni Bond ETF (NYSEARCA:NYF – Get Free Report) saw unusually-strong trading volume on Tuesday. Approximately 814,767 shares were traded during mid-day trading, an increase of 289% from the previous session’s volume of 209,692 shares. The stock last traded at $50.1050 and had previously closed at $50.22.
iShares New York Muni Bond ETF Stock Up 0.3%
The firm has a 50 day moving average of $52.23 and a 200 day moving average of $53.06.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. TIAA Trust National Association increased its holdings in iShares New York Muni Bond ETF by 5.4% in the 4th quarter. TIAA Trust National Association now owns 1,097,570 shares of the company’s stock worth $58,731,000 after acquiring an additional 56,695 shares during the last quarter. Bank of America Corp DE lifted its holdings 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 valued at $40,542,000 after purchasing an additional 87,081 shares during the last quarter. Alesco Advisors LLC An ESL Co lifted its holdings in iShares New York Muni Bond ETF by 5.9% during the first quarter. Alesco Advisors LLC An ESL Co now owns 461,036 shares of the company’s stock valued at $24,490,000 after purchasing an additional 25,582 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in iShares New York Muni Bond ETF by 3.6% during the first quarter. Hsbc Holdings PLC now owns 334,772 shares of the company’s stock valued at $17,783,000 after purchasing an additional 11,688 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in iShares New York Muni Bond ETF by 23.2% during the second quarter. Envestnet Asset Management Inc. now owns 306,420 shares of the company’s stock worth $16,518,000 after purchasing an additional 57,690 shares during the period.
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).
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