iShares New York Muni Bond ETF (NYSEARCA:NYF) Sees Large Volume Increase – Here’s Why

iShares New York Muni Bond ETF (NYSEARCA:NYF) shares saw unusually-strong trading volume on Friday . Approximately 394,878 shares changed hands during mid-day trading, an increase of 324% from the previous session’s volume of 93,090 shares.The stock last traded at $52.89 and had previously closed at $52.94.

iShares New York Muni Bond ETF Trading Down 0.1 %

The business’s fifty day moving average is $53.34 and its 200 day moving average is $53.65.

Hedge Funds Weigh In On iShares New York Muni Bond ETF

Several hedge funds have recently modified their holdings of NYF. Jane Street Group LLC acquired a new position in iShares New York Muni Bond ETF during the fourth quarter worth $10,455,000. Bank of America Corp DE lifted its stake in iShares New York Muni Bond ETF by 15.0% in the 4th quarter. Bank of America Corp DE now owns 555,435 shares of the company’s stock valued at $29,560,000 after purchasing an additional 72,383 shares during the last quarter. Note Advisors LLC acquired a new stake in iShares New York Muni Bond ETF in the 4th quarter valued at about $2,684,000. Facet Wealth Inc. grew its holdings in iShares New York Muni Bond ETF by 11.6% during the fourth quarter. Facet Wealth Inc. now owns 371,537 shares of the company’s stock worth $19,866,000 after purchasing an additional 38,764 shares during the period. Finally, TIAA Trust National Association increased its position in iShares New York Muni Bond ETF by 4.6% during the fourth quarter. TIAA Trust National Association now owns 820,153 shares of the company’s stock worth $43,648,000 after buying an additional 36,124 shares during 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).