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

Shares of iShares New York Muni Bond ETF (NYSEARCA:NYF) saw unusually-strong trading volume on Tuesday . Approximately 92,971 shares traded hands during mid-day trading, an increase of 68% from the previous session’s volume of 55,429 shares.The stock last traded at $53.43 and had previously closed at $53.52.

iShares New York Muni Bond ETF Stock Performance

The firm’s 50-day simple moving average is $54.01 and its 200-day simple moving average is $53.64.

Institutional Investors Weigh In On iShares New York Muni Bond ETF

Several institutional investors have recently bought and sold shares of the stock. EP Wealth Advisors LLC lifted its position in iShares New York Muni Bond ETF by 1.6% in the second quarter. EP Wealth Advisors LLC now owns 12,735 shares of the company’s stock valued at $680,000 after purchasing an additional 200 shares during the last quarter. New Century Financial Group LLC increased its stake in shares of iShares New York Muni Bond ETF by 7.4% in the third quarter. New Century Financial Group LLC now owns 5,461 shares of the company’s stock worth $297,000 after buying an additional 378 shares during the period. Avantax Advisory Services Inc. raised its holdings in iShares New York Muni Bond ETF by 7.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 5,667 shares of the company’s stock valued at $305,000 after buying an additional 382 shares during the last quarter. Level Financial Advisors boosted its position in iShares New York Muni Bond ETF by 1.6% during the 3rd quarter. Level Financial Advisors now owns 40,505 shares of the company’s stock valued at $2,201,000 after buying an additional 627 shares during the period. Finally, Eagle Ridge Investment Management grew its holdings in iShares New York Muni Bond ETF by 1.6% in the 2nd quarter. Eagle Ridge Investment Management now owns 44,728 shares of the company’s stock worth $2,388,000 after acquiring an additional 684 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).