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

iShares New York Muni Bond ETF (NYSEARCA:NYF)’s share price hit a new 52-week low on Tuesday . The company traded as low as $51.36 and last traded at $51.3950, with a volume of 428616 shares. The stock had previously closed at $51.53.

iShares New York Muni Bond ETF Stock Performance

The stock has a 50-day moving average of $52.83 and a 200-day moving average of $53.31.

Hedge Funds Weigh In On iShares New York Muni Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. TIAA Trust National Association grew its position in shares of iShares New York Muni Bond ETF by 5.4% during the fourth 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 position in iShares New York Muni Bond ETF by 12.9% in the 1st 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. HighTower Advisors LLC lifted its position in iShares New York Muni Bond ETF by 28.7% in the 4th quarter. HighTower Advisors LLC now owns 551,679 shares of the company’s stock valued at $29,520,000 after purchasing an additional 123,158 shares during the last quarter. Alesco Advisors LLC An ESL Co boosted its stake in iShares New York Muni Bond ETF by 5.9% during the 1st 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 period. Finally, Hsbc Holdings PLC boosted its stake in iShares New York Muni Bond ETF by 3.6% during the 1st 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 period.

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).