Hsbc Holdings PLC Boosts Holdings in iShares New York Muni Bond ETF $NYF

Hsbc Holdings PLC lifted its holdings in iShares New York Muni Bond ETF (NYSEARCA:NYF) by 3.6% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 334,772 shares of the company’s stock after acquiring an additional 11,688 shares during the quarter. Hsbc Holdings PLC’s holdings in iShares New York Muni Bond ETF were worth $17,783,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Root Financial Partners LLC boosted its stake in shares of iShares New York Muni Bond ETF by 45.1% in the 1st quarter. Root Financial Partners LLC now owns 1,110 shares of the company’s stock valued at $59,000 after purchasing an additional 345 shares in the last quarter. WealthShield Partners LLC purchased a new position in iShares New York Muni Bond ETF in the 4th quarter worth $90,000. CIBC Private Wealth Group LLC bought a new stake in iShares New York Muni Bond ETF in the fourth quarter worth $188,000. Quadrant Private Wealth Management LLC bought a new stake in iShares New York Muni Bond ETF in the fourth quarter worth $201,000. Finally, LVW Advisors LLC purchased a new stake in iShares New York Muni Bond ETF during the fourth quarter valued at about $202,000.

iShares New York Muni Bond ETF Stock Performance

NYSEARCA NYF opened at $53.26 on Wednesday. The company has a 50-day simple moving average of $53.57 and a two-hundred day simple moving average of $53.66. iShares New York Muni Bond ETF has a 12-month low of $51.59 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).