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

iShares New York Muni Bond ETF (NYSEARCA:NYF) shares saw an uptick in trading volume on Thursday . 476,452 shares traded hands during trading, an increase of 190% from the previous session’s volume of 164,191 shares.The stock last traded at $52.95 and had previously closed at $52.97.

iShares New York Muni Bond ETF Stock Down 0.0%

The business’s 50-day moving average is $53.50 and its two-hundred day moving average is $53.59.

Institutional Investors Weigh In On iShares New York Muni Bond ETF

A number of institutional investors have recently added to or reduced their stakes in NYF. Root Financial Partners LLC increased its holdings in iShares New York Muni Bond ETF by 45.1% during the 1st quarter. Root Financial Partners LLC now owns 1,110 shares of the company’s stock worth $59,000 after purchasing an additional 345 shares during the last quarter. WealthShield Partners LLC bought a new position in shares of iShares New York Muni Bond ETF during the fourth quarter worth about $90,000. CIBC Private Wealth Group LLC acquired a new position in iShares New York Muni Bond ETF in the fourth quarter worth about $188,000. Quadrant Private Wealth Management LLC bought a new stake in iShares New York Muni Bond ETF in the fourth quarter valued at about $201,000. Finally, Coldstream Capital Management Inc. acquired a new stake in iShares New York Muni Bond ETF during the third quarter valued at approximately $202,000.

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).