iShares New York Muni Bond ETF (NYSEARCA:NYF) Sees Large Volume Increase – Time to Buy?

Shares of iShares New York Muni Bond ETF (NYSEARCA:NYF) saw strong trading volume on Friday . 162,731 shares traded hands during trading, an increase of 133% from the previous session’s volume of 69,872 shares.The stock last traded at $52.91 and had previously closed at $53.06.

iShares New York Muni Bond ETF Stock Performance

The firm has a 50 day moving average price of $53.57 and a 200-day moving average price of $53.75.

Hedge Funds Weigh In On iShares New York Muni Bond ETF

Large investors have recently bought and sold shares of the business. Stifel Financial Corp grew its position in shares of iShares New York Muni Bond ETF by 6.4% during the 3rd quarter. Stifel Financial Corp now owns 14,075 shares of the company’s stock worth $765,000 after buying an additional 847 shares during the period. GAMMA Investing LLC grew its holdings in shares of iShares New York Muni Bond ETF by 3.1% in the 4th quarter. GAMMA Investing LLC now owns 8,654 shares of the company’s stock valued at $461,000 after buying an additional 262 shares during the period. Wealthspire Advisors LLC bought a new stake in shares of iShares New York Muni Bond ETF in the 2nd quarter valued at $543,000. EP Wealth Advisors LLC raised its stake in iShares New York Muni Bond ETF by 1.6% during the 2nd quarter. EP Wealth Advisors LLC now owns 12,735 shares of the company’s stock worth $680,000 after buying an additional 200 shares during the period. Finally, Revolve Wealth Partners LLC lifted its holdings in iShares New York Muni Bond ETF by 9.9% during the third quarter. Revolve Wealth Partners LLC now owns 21,782 shares of the company’s stock worth $1,183,000 after acquiring an additional 1,964 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).