Tortoise Investment Management LLC Makes New $2.57 Million Investment in iShares New York Muni Bond ETF $NYF

Tortoise Investment Management LLC acquired a new stake in shares of iShares New York Muni Bond ETF (NYSEARCA:NYF) in the third quarter, HoldingsChannel.com reports. The firm acquired 50,852 shares of the company’s stock, valued at approximately $2,569,000.

A number of other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in shares of iShares New York Muni Bond ETF by 12.9% in the 1st quarter. Bank of America Corp DE now owns 763,210 shares of the company’s stock worth $40,542,000 after purchasing an additional 87,081 shares during the period. Alesco Advisors LLC An ESL Co boosted its holdings in shares of iShares New York Muni Bond ETF by 5.9% in the first quarter. Alesco Advisors LLC An ESL Co now owns 461,036 shares of the company’s stock worth $24,490,000 after buying an additional 25,582 shares during the last quarter. Hsbc Holdings PLC grew its position in iShares New York Muni Bond ETF by 3.6% during the first quarter. Hsbc Holdings PLC now owns 334,772 shares of the company’s stock valued at $17,783,000 after buying an additional 11,688 shares during the period. Envestnet Asset Management Inc. grew its position in iShares New York Muni Bond ETF by 23.2% during the second quarter. Envestnet Asset Management Inc. now owns 306,420 shares of the company’s stock valued at $16,518,000 after buying an additional 57,690 shares during the period. Finally, Klingman & Associates LLC grew its position in iShares New York Muni Bond ETF by 1.7% during the first quarter. Klingman & Associates LLC now owns 239,875 shares of the company’s stock valued at $12,742,000 after buying an additional 4,119 shares during the period.

iShares New York Muni Bond ETF Stock Down 0.7%

Shares of NYF stock opened at $52.08 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 company has a 50 day simple moving average of $51.41 and a two-hundred day simple moving average of $52.96.

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).