iShares New York Muni Bond ETF (NYSEARCA:NYF) Hits New 52-Week Low – Here’s What Happened

iShares New York Muni Bond ETF (NYSEARCA:NYF) hit a new 52-week low during trading on Wednesday . The stock traded as low as $52.60 and last traded at $52.65, with a volume of 19804 shares. The stock had previously closed at $52.68.

iShares New York Muni Bond ETF Price Performance

The company’s 50-day moving average price is $53.32 and its two-hundred day moving average price is $53.58.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NYF. Spire Wealth Management acquired a new stake in iShares New York Muni Bond ETF during the fourth quarter worth approximately $68,000. Coldstream Capital Management Inc. bought a new stake in shares of iShares New York Muni Bond ETF during the 4th quarter valued at $202,000. Nemes Rush Group LLC grew its holdings in shares of iShares New York Muni Bond ETF by 24.0% during the 4th quarter. Nemes Rush Group LLC now owns 3,883 shares of the company’s stock worth $207,000 after purchasing an additional 751 shares in the last quarter. Lmcg Investments LLC bought a new position in shares of iShares New York Muni Bond ETF in the fourth quarter worth $213,000. Finally, Martin Worley Group acquired a new position in iShares New York Muni Bond ETF in the fourth quarter valued at about $224,000.

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).