iShares New York Muni Bond ETF (NYSEARCA:NYF) Reaches New 1-Year High – Still a Buy?

iShares New York Muni Bond ETF (NYSEARCA:NYF) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $54.64 and last traded at $54.64, with a volume of 500 shares trading hands. The stock had previously closed at $53.58.

iShares New York Muni Bond ETF Stock Down 0.1%

The business has a fifty day moving average of $53.70 and a 200-day moving average of $53.65.

Institutional Trading of iShares New York Muni Bond ETF

A number of hedge funds have recently bought and sold shares of NYF. Revolve Wealth Partners LLC lifted its holdings in iShares New York Muni Bond ETF by 5.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 22,891 shares of the company’s stock worth $1,218,000 after buying an additional 1,109 shares during the period. Royal Bank of Canada lifted its holdings in iShares New York Muni Bond ETF by 40.0% during the first quarter. Royal Bank of Canada now owns 9,715 shares of the company’s stock worth $512,000 after buying an additional 2,775 shares during the period. Raymond James Financial Inc. lifted its holdings in iShares New York Muni Bond ETF by 29.8% during the second quarter. Raymond James Financial Inc. now owns 5,171 shares of the company’s stock worth $270,000 after buying an additional 1,186 shares during the period. Jane Street Group LLC lifted its holdings in iShares New York Muni Bond ETF by 296.8% during the second quarter. Jane Street Group LLC now owns 347,152 shares of the company’s stock worth $18,101,000 after buying an additional 259,657 shares during the period. Finally, Bank of America Corp DE lifted its holdings in iShares New York Muni Bond ETF by 14.4% during the second quarter. Bank of America Corp DE now owns 645,341 shares of the company’s stock worth $33,648,000 after buying an additional 81,191 shares during the period.

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).