iShares New York Muni Bond ETF (NYSEARCA:NYF) Sees Unusually-High Trading Volume – Should You Buy?

iShares New York Muni Bond ETF (NYSEARCA:NYF) shares saw an uptick in trading volume on Friday . 394,878 shares changed hands during trading, an increase of 324% from the previous session’s volume of 93,090 shares.The stock last traded at $52.89 and had previously closed at $52.94.

iShares New York Muni Bond ETF Price Performance

The stock’s 50-day simple moving average is $53.33 and its 200 day simple moving average is $53.64.

Institutional Trading of iShares New York Muni Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Spire Wealth Management purchased a new position in shares of iShares New York Muni Bond ETF in the 4th quarter valued at $68,000. Coldstream Capital Management Inc. purchased a new position in iShares New York Muni Bond ETF in the 4th quarter valued at $202,000. Nemes Rush Group LLC boosted its holdings in shares of iShares New York Muni Bond ETF by 24.0% in the fourth quarter. Nemes Rush Group LLC now owns 3,883 shares of the company’s stock valued at $207,000 after acquiring an additional 751 shares in the last quarter. Lifeworks Advisors LLC purchased a new position in iShares New York Muni Bond ETF during the third quarter worth about $212,000. Finally, Lmcg Investments LLC acquired a new stake in shares of iShares New York Muni Bond ETF in the 4th quarter valued at approximately $213,000.

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).