iShares New York Muni Bond ETF (NYSEARCA:NYF) Sets New 1-Year Low – What’s Next?

Shares of iShares New York Muni Bond ETF (NYSEARCA:NYF) hit a new 52-week low on Monday . The company traded as low as $52.70 and last traded at $52.82, with a volume of 23174 shares trading hands. The stock had previously closed at $52.87.

iShares New York Muni Bond ETF Trading Down 0.2 %

The firm’s 50 day moving average is $53.54 and its two-hundred day moving average is $53.75.

Institutional Trading of iShares New York Muni Bond ETF

Hedge funds have recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. grew its stake in iShares New York Muni Bond ETF by 23.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 51,590 shares of the company’s stock worth $2,746,000 after purchasing an additional 9,655 shares in the last quarter. Armstrong Advisory Group Inc. raised its position in iShares New York Muni Bond ETF by 13.2% in the 4th quarter. Armstrong Advisory Group Inc. now owns 4,302 shares of the company’s stock valued at $229,000 after purchasing an additional 500 shares in the last quarter. Miracle Mile Advisors LLC boosted its stake in shares of iShares New York Muni Bond ETF by 6.3% in the 4th quarter. Miracle Mile Advisors LLC now owns 313,317 shares of the company’s stock valued at $16,675,000 after buying an additional 18,675 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of iShares New York Muni Bond ETF by 40.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 26,009 shares of the company’s stock worth $1,413,000 after buying an additional 7,453 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of iShares New York Muni Bond ETF by 3.1% during the fourth quarter. GAMMA Investing LLC now owns 8,654 shares of the company’s stock worth $461,000 after buying an additional 262 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).