iShares New York Muni Bond ETF (NYSEARCA:NYF) Hits New 12-Month Low – Time to Sell?

Shares of iShares New York Muni Bond ETF (NYSEARCA:NYF) reached a new 52-week low on Monday . The company traded as low as $52.17 and last traded at $52.41, with a volume of 32040 shares trading hands. The stock had previously closed at $53.06.

iShares New York Muni Bond ETF Stock Down 2.0 %

The company’s 50 day moving average price is $53.21 and its two-hundred day moving average price is $53.48.

Institutional Trading of iShares New York Muni Bond ETF

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

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).