iShares New York Muni Bond ETF (NYSEARCA:NYF) Sees Large Volume Increase – Should You Buy?

iShares New York Muni Bond ETF (NYSEARCA:NYF) saw an uptick in trading volume on Friday . Approximately 400,944 shares were traded during mid-day trading, an increase of 132% from the previous session’s volume of 172,790 shares.The stock last traded at $51.6950 and had previously closed at $51.42.

iShares New York Muni Bond ETF Stock Up 0.4%

The firm’s fifty day moving average is $52.92 and its two-hundred day moving average is $53.35.

Institutional Investors Weigh In On iShares New York Muni Bond ETF

A number of large investors have recently modified their holdings of the stock. Bank of America Corp DE increased its position in 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 valued at $40,542,000 after buying an additional 87,081 shares in the last quarter. Cora Capital Advisors LLC bought a new stake in iShares New York Muni Bond ETF in the first quarter worth $1,259,000. HighTower Advisors LLC boosted its holdings in iShares New York Muni Bond ETF by 28.7% in the fourth quarter. HighTower Advisors LLC now owns 551,679 shares of the company’s stock worth $29,520,000 after acquiring an additional 123,158 shares in the last quarter. James J. Burns & Company LLC grew its stake in shares of iShares New York Muni Bond ETF by 36.4% in the first quarter. James J. Burns & Company LLC now owns 72,276 shares of the company’s stock worth $3,839,000 after acquiring an additional 19,280 shares during the last quarter. Finally, TIAA Trust National Association grew its stake in shares of iShares New York Muni Bond ETF by 5.4% in the fourth quarter. TIAA Trust National Association now owns 1,097,570 shares of the company’s stock worth $58,731,000 after acquiring an additional 56,695 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). 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).