iShares New York Muni Bond ETF (NYSEARCA:NYF) Sets New 52-Week High – Time to Buy?

iShares New York Muni Bond ETF (NYSEARCA:NYF) hit a new 52-week high during trading on Monday . The company traded as high as $54.95 and last traded at $53.79, with a volume of 150 shares. The stock had previously closed at $53.88.

iShares New York Muni Bond ETF Price Performance

The business’s 50-day moving average price is $53.63 and its two-hundred day moving average price is $53.16.

Institutional Investors Weigh In On iShares New York Muni Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC lifted its position in iShares New York Muni Bond ETF by 296.8% during the second quarter. Jane Street Group LLC now owns 347,152 shares of the company’s stock valued at $18,101,000 after buying an additional 259,657 shares in the last quarter. TIAA Trust National Association lifted its holdings in shares of 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 valued at $55,531,000 after acquiring an additional 182,200 shares in the last quarter. Alesco Advisors LLC boosted its position in iShares New York Muni Bond ETF by 42.0% during the 3rd quarter. Alesco Advisors LLC now owns 415,465 shares of the company’s stock worth $22,165,000 after purchasing an additional 122,915 shares during the period. Bank of America Corp DE increased its holdings in iShares New York Muni Bond ETF by 14.4% in the 2nd quarter. Bank of America Corp DE now owns 645,341 shares of the company’s stock valued at $33,648,000 after purchasing an additional 81,191 shares in the last quarter. Finally, Retirement Planning Group LLC purchased a new position in iShares New York Muni Bond ETF in the third quarter valued at about $3,636,000.

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).