iShares New York Muni Bond ETF (NYSEARCA:NYF) Sees Unusually-High Trading Volume – What’s Next?

iShares New York Muni Bond ETF (NYSEARCA:NYF) saw strong trading volume on Tuesday . 92,971 shares traded hands during 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 Price Performance

The company’s 50-day moving average is $54.01 and its two-hundred day moving average is $53.64.

Hedge Funds Weigh In On iShares New York Muni Bond ETF

A number of institutional investors have recently made changes to their positions in the stock. Bailard Inc. boosted its holdings in shares of iShares New York Muni Bond ETF by 47.8% in the 2nd quarter. Bailard Inc. now owns 30,234 shares of the company’s stock worth $1,614,000 after purchasing an additional 9,783 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in iShares New York Muni Bond ETF by 7.2% in the first quarter. Avantax Advisory Services Inc. now owns 5,667 shares of the company’s stock worth $305,000 after buying an additional 382 shares in the last quarter. Wealthspire Advisors LLC bought a new position in iShares New York Muni Bond ETF during the second quarter valued at approximately $543,000. Atomi Financial Group Inc. purchased a new position in shares of iShares New York Muni Bond ETF during the first quarter worth approximately $454,000. Finally, Cetera Investment Advisers raised its stake in shares of iShares New York Muni Bond ETF by 53.3% during the first quarter. Cetera Investment Advisers now owns 87,774 shares of the company’s stock worth $4,723,000 after acquiring an additional 30,518 shares in the last quarter.

About iShares New York Muni Bond ETF

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).