HighTower Advisors LLC Increases Position in iShares New York Muni Bond ETF $NYF

HighTower Advisors LLC raised its position in shares of iShares New York Muni Bond ETF (NYSEARCA:NYF) by 28.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 551,679 shares of the company’s stock after buying an additional 123,158 shares during the period. HighTower Advisors LLC’s holdings in iShares New York Muni Bond ETF were worth $29,520,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Revolve Wealth Partners LLC raised its holdings in shares of iShares New York Muni Bond ETF by 5.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 22,891 shares of the company’s stock valued at $1,218,000 after buying an additional 1,109 shares during the period. Royal Bank of Canada lifted its stake in iShares New York Muni Bond ETF by 40.0% during the 1st quarter. Royal Bank of Canada now owns 9,715 shares of the company’s stock worth $512,000 after acquiring an additional 2,775 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in iShares New York Muni Bond ETF by 29.8% during the 2nd quarter. Raymond James Financial Inc. now owns 5,171 shares of the company’s stock valued at $270,000 after acquiring an additional 1,186 shares during the period. Jane Street Group LLC boosted its holdings in iShares New York Muni Bond ETF by 296.8% during the 2nd quarter. Jane Street Group LLC now owns 347,152 shares of the company’s stock valued at $18,101,000 after acquiring an additional 259,657 shares during the period. Finally, Bank of America Corp DE grew its position in iShares New York Muni Bond ETF by 14.4% in the 2nd quarter. Bank of America Corp DE now owns 645,341 shares of the company’s stock valued at $33,648,000 after acquiring an additional 81,191 shares in the last quarter.

iShares New York Muni Bond ETF Trading Up 0.1%

Shares of NYSEARCA:NYF opened at $53.13 on Friday. iShares New York Muni Bond ETF has a 1 year low of $51.58 and a 1 year high of $54.52. The firm’s 50-day moving average is $53.39 and its two-hundred day moving average is $53.63.

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).