Oppenheimer & Co. Inc. Acquires New Shares in iShares New York Muni Bond ETF $NYF

Oppenheimer & Co. Inc. purchased a new stake in iShares New York Muni Bond ETF (NYSEARCA:NYF) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 34,935 shares of the company’s stock, valued at approximately $1,765,000.

A number of other hedge funds have also added to or reduced their stakes in NYF. Bank of America Corp DE lifted its position in shares of iShares New York Muni Bond ETF by 12.9% during the 1st quarter. Bank of America Corp DE now owns 763,210 shares of the company’s stock worth $40,542,000 after buying an additional 87,081 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in iShares New York Muni Bond ETF by 14.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 109,332 shares of the company’s stock valued at $5,894,000 after acquiring an additional 13,721 shares during the last quarter. Wedmont Private Capital grew its position in iShares New York Muni Bond ETF by 61.4% in the second quarter. Wedmont Private Capital now owns 94,537 shares of the company’s stock valued at $5,071,000 after acquiring an additional 35,975 shares during the last quarter. Corient Private Wealth LP raised its stake in iShares New York Muni Bond ETF by 153.8% during the second quarter. Corient Private Wealth LP now owns 63,637 shares of the company’s stock worth $3,430,000 after acquiring an additional 38,560 shares in the last quarter. Finally, Sterling Investment Counsel LLC raised its stake in iShares New York Muni Bond ETF by 456.5% during the third quarter. Sterling Investment Counsel LLC now owns 40,839 shares of the company’s stock worth $2,063,000 after acquiring an additional 33,501 shares in the last quarter.

iShares New York Muni Bond ETF Price Performance

NYF stock opened at $52.15 on Friday. iShares New York Muni Bond ETF has a 12 month low of $50.03 and a 12 month high of $54.52. The firm has a 50-day moving average price of $51.46 and a 200-day moving average price of $53.03.

iShares New York Muni Bond ETF 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). 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).