iShares New York Muni Bond ETF (NYSEARCA:NYF) Reaches New 12-Month Low – What’s Next?

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

iShares New York Muni Bond ETF Stock Performance

The firm has a 50 day moving average of $53.29 and a 200-day moving average of $53.57.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Spire Wealth Management bought a new position in iShares New York Muni Bond ETF during the fourth quarter worth about $68,000. Coldstream Capital Management Inc. bought a new position in shares of iShares New York Muni Bond ETF during the 4th quarter worth approximately $202,000. Nemes Rush Group LLC lifted its position 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 buying an additional 751 shares during the period. Lmcg Investments LLC acquired a new stake in iShares New York Muni Bond ETF in the 4th quarter valued at $213,000. Finally, Martin Worley Group bought a new stake in iShares New York Muni Bond ETF in the fourth quarter valued at $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).