iShares New York Muni Bond ETF (NYSEARCA:NYF) Sees Strong Trading Volume – Here’s What Happened

Shares of iShares New York Muni Bond ETF (NYSEARCA:NYF) saw strong trading volume on Tuesday. Approximately 843,584 shares traded hands during trading, an increase of 267% from the previous session’s volume of 229,614 shares. The stock last traded at $50.5250 and had previously closed at $50.57.

iShares New York Muni Bond ETF Trading Down 0.1%

The firm has a 50-day moving average price of $52.10 and a 200 day moving average price of $52.99.

Hedge Funds Weigh In On iShares New York Muni Bond ETF

Several hedge funds have recently made changes to their positions in the business. 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 period. Bank of New York Mellon Corp boosted its stake in shares of 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 period. Apella Capital LLC boosted its stake in shares of iShares New York Muni Bond ETF by 2.7% during the 1st quarter. Apella Capital LLC now owns 10,632 shares of the company’s stock worth $571,000 after purchasing an additional 280 shares during the period. Sei Investments Co. grew its holdings in iShares New York Muni Bond ETF by 2.1% during the 1st quarter. Sei Investments Co. now owns 15,902 shares of the company’s stock valued at $845,000 after purchasing an additional 321 shares during the last quarter. Finally, Dopkins Wealth Management LLC grew its holdings in iShares New York Muni Bond ETF by 2.4% during the 1st 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 during the last quarter.

About iShares New York Muni Bond ETF

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).