iShares New York Muni Bond ETF (NYSEARCA:NYF) Reaches New 12-Month High – Still a Buy?

iShares New York Muni Bond ETF (NYSEARCA:NYF)’s share price reached a new 52-week high on Monday . The company traded as high as $54.95 and last traded at $53.79, with a volume of 150 shares traded. The stock had previously closed at $53.88.

iShares New York Muni Bond ETF Trading Down 0.1%

The company has a 50 day moving average price of $53.63 and a 200 day moving average price of $53.16.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Conrad Siegel Investment Advisors Inc. boosted its holdings in iShares New York Muni Bond ETF by 0.9% in the 3rd quarter. Conrad Siegel Investment Advisors Inc. now owns 24,657 shares of the company’s stock valued at $1,315,000 after purchasing an additional 219 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co boosted its stake in shares of iShares New York Muni Bond ETF by 2.0% in the second quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 11,544 shares of the company’s stock valued at $602,000 after buying an additional 225 shares in the last quarter. Manhattan West Asset Management LLC grew its holdings in iShares New York Muni Bond ETF by 5.0% during the fourth quarter. Manhattan West Asset Management LLC now owns 5,071 shares of the company’s stock worth $271,000 after acquiring an additional 242 shares during the period. Carnegie Investment Counsel raised its position in iShares New York Muni Bond ETF by 0.5% in the fourth quarter. Carnegie Investment Counsel now owns 54,054 shares of the company’s stock worth $2,892,000 after acquiring an additional 260 shares in the last quarter. Finally, Nemes Rush Group LLC lifted its holdings in iShares New York Muni Bond ETF by 6.9% in the third quarter. Nemes Rush Group LLC now owns 4,202 shares of the company’s stock valued at $224,000 after acquiring an additional 272 shares during the period.

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). 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).