iShares New York Muni Bond ETF (NYSEARCA:NYF) Hits New 1-Year High – Still a Buy?

Shares of iShares New York Muni Bond ETF (NYSEARCA:NYF) hit a new 52-week high on Monday . The company traded as high as $55.57 and last traded at $52.69, with a volume of 201 shares changing hands. The stock had previously closed at $52.61.

iShares New York Muni Bond ETF Stock Up 0.1 %

The stock’s 50 day moving average is $53.28 and its 200 day moving average is $53.55.

Hedge Funds Weigh In On iShares New York Muni Bond ETF

Several hedge funds have recently bought and sold shares of NYF. Stifel Financial Corp increased its position in iShares New York Muni Bond ETF by 6.4% during the 3rd quarter. Stifel Financial Corp now owns 14,075 shares of the company’s stock worth $765,000 after purchasing an additional 847 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of iShares New York Muni Bond ETF by 40.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 26,009 shares of the company’s stock worth $1,413,000 after purchasing an additional 7,453 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of iShares New York Muni Bond ETF by 3.1% during the fourth quarter. GAMMA Investing LLC now owns 8,654 shares of the company’s stock worth $461,000 after buying an additional 262 shares in the last quarter. Avantax Advisory Services Inc. raised its position in shares of iShares New York Muni Bond ETF by 21.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 7,145 shares of the company’s stock valued at $380,000 after buying an additional 1,248 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in iShares New York Muni Bond ETF by 30.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 63,018 shares of the company’s stock worth $3,354,000 after acquiring an additional 14,803 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).