Northwestern Mutual Wealth Management Co. Purchases 26,927 Shares of iShares New York Muni Bond ETF $NYF

Northwestern Mutual Wealth Management Co. raised its position in shares of iShares New York Muni Bond ETF (NYSEARCA:NYF) by 245.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 37,889 shares of the company’s stock after purchasing an additional 26,927 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares New York Muni Bond ETF were worth $2,027,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in NYF. WealthShield Partners LLC bought a new stake in shares of iShares New York Muni Bond ETF during the 4th quarter valued at about $90,000. Quadrant Private Wealth Management LLC bought a new stake in shares of iShares New York Muni Bond ETF during the 4th quarter valued at about $201,000. Coldstream Capital Management Inc. bought a new stake in shares of iShares New York Muni Bond ETF during the 3rd quarter valued at about $202,000. LVW Advisors LLC bought a new stake in shares of iShares New York Muni Bond ETF during the 4th quarter valued at about $202,000. Finally, Park Avenue Securities LLC bought a new position in shares of iShares New York Muni Bond ETF during the 4th quarter valued at approximately $212,000.

iShares New York Muni Bond ETF Trading Up 0.5%

Shares of NYSEARCA:NYF opened at $53.37 on Wednesday. The stock has a 50 day moving average of $53.38 and a 200 day moving average of $53.63. iShares New York Muni Bond ETF has a 12-month low of $51.58 and a 12-month high of $54.52.

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).