iShares New York Muni Bond ETF (NYSEARCA:NYF) Hits New 1-Year Low – Here’s What Happened

iShares New York Muni Bond ETF (NYSEARCA:NYF) hit a new 52-week low during trading on Monday . The stock traded as low as $51.33 and last traded at $51.5190, with a volume of 405350 shares traded. The stock had previously closed at $51.43.

iShares New York Muni Bond ETF Trading Down 0.1%

The stock’s 50-day moving average price is $52.66 and its 200 day moving average price is $53.23.

Hedge Funds Weigh In On iShares New York Muni Bond ETF

A number of hedge funds have recently modified their holdings of the stock. Brighton Securities CORP. raised its stake in shares of iShares New York Muni Bond ETF by 0.8% in the second quarter. Brighton Securities CORP. now owns 23,741 shares of the company’s stock valued at $1,280,000 after acquiring an additional 188 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in iShares New York Muni Bond ETF by 2.1% during the 1st quarter. Bank of New York Mellon Corp now owns 11,948 shares of the company’s stock worth $635,000 after purchasing an additional 243 shares during the last quarter. Apella Capital LLC lifted its holdings in iShares New York Muni Bond ETF by 2.7% in the first quarter. Apella Capital LLC now owns 10,632 shares of the company’s stock valued at $571,000 after buying an additional 280 shares during the period. Sei Investments Co. lifted its stake in iShares New York Muni Bond ETF by 2.1% in the first quarter. Sei Investments Co. now owns 15,902 shares of the company’s stock valued at $845,000 after buying an additional 321 shares during the period. Finally, Dopkins Wealth Management LLC increased its stake in iShares New York Muni Bond ETF by 2.4% in the first quarter. Dopkins Wealth Management LLC now owns 14,044 shares of the company’s stock valued at $746,000 after purchasing an additional 333 shares in 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).