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

iShares New York Muni Bond ETF (NYSEARCA:NYF) saw unusually-high trading volume on Tuesday . Approximately 282,221 shares were traded during mid-day trading, an increase of 193% from the previous session’s volume of 96,468 shares.The stock last traded at $53.82 and had previously closed at $53.55.

iShares New York Muni Bond ETF Stock Performance

The stock’s 50-day moving average is $53.25 and its two-hundred day moving average is $53.69.

Hedge Funds Weigh In On iShares New York Muni Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Westfuller Advisors LLC bought a new stake in iShares New York Muni Bond ETF during the fourth quarter worth approximately $723,000. Drucker Wealth 3.0 LLC bought a new position in shares of iShares New York Muni Bond ETF during the 4th quarter valued at approximately $763,000. GTS Securities LLC purchased a new stake in iShares New York Muni Bond ETF during the 4th quarter valued at $313,000. Note Advisors LLC bought a new stake in iShares New York Muni Bond ETF in the fourth quarter worth $2,684,000. Finally, Focus Partners Wealth lifted its position in iShares New York Muni Bond ETF by 40.1% in the fourth quarter. Focus Partners Wealth now owns 39,655 shares of the company’s stock worth $2,110,000 after buying an additional 11,354 shares during the last quarter.

iShares New York Muni Bond ETF Company 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).