iShares New York Muni Bond ETF (NYSEARCA:NYF) Hits New 12-Month Low – Time to Sell?

iShares New York Muni Bond ETF (NYSEARCA:NYF) reached a new 52-week low during trading on Monday . The company traded as low as $52.17 and last traded at $52.41, with a volume of 32040 shares. The stock had previously closed at $53.06.

iShares New York Muni Bond ETF Stock Down 2.0 %

The company has a 50 day simple moving average of $53.21 and a two-hundred day simple moving average of $53.48.

Institutional Trading of iShares New York Muni Bond ETF

Several hedge funds have recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of iShares New York Muni Bond ETF by 5,072.5% during the 1st quarter. GAMMA Investing LLC now owns 447,630 shares of the company’s stock valued at $23,568,000 after buying an additional 438,976 shares in the last quarter. Jane Street Group LLC purchased a new stake in iShares New York Muni Bond ETF during the fourth quarter valued at approximately $10,455,000. Bank of America Corp DE raised its position in iShares New York Muni Bond ETF by 15.0% during the fourth quarter. Bank of America Corp DE now owns 555,435 shares of the company’s stock valued at $29,560,000 after purchasing an additional 72,383 shares during the period. Note Advisors LLC bought a new stake in shares of iShares New York Muni Bond ETF in the 4th quarter valued at approximately $2,684,000. Finally, Facet Wealth Inc. boosted its holdings in shares of iShares New York Muni Bond ETF by 11.6% in the 4th quarter. Facet Wealth Inc. now owns 371,537 shares of the company’s stock worth $19,866,000 after purchasing an additional 38,764 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).