Brighton Securities CORP. Trims Stock Holdings in iShares New York Muni Bond ETF $NYF

Brighton Securities CORP. lowered its position in shares of iShares New York Muni Bond ETF (NYSEARCA:NYF) by 48.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 24,330 shares of the company’s stock after selling 22,768 shares during the quarter. iShares New York Muni Bond ETF comprises about 0.6% of Brighton Securities CORP.’s portfolio, making the stock its 19th largest position. Brighton Securities CORP. owned about 0.11% of iShares New York Muni Bond ETF worth $1,302,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in NYF. Legacy Edge Advisors LLC purchased a new position in shares of iShares New York Muni Bond ETF in the fourth quarter worth about $15,730,000. Jane Street Group LLC lifted its holdings in shares of iShares New York Muni Bond ETF by 296.8% during the second quarter. Jane Street Group LLC now owns 347,152 shares of the company’s stock worth $18,101,000 after purchasing an additional 259,657 shares during the period. TIAA Trust National Association boosted its position in iShares New York Muni Bond ETF by 21.2% in the third quarter. TIAA Trust National Association now owns 1,040,875 shares of the company’s stock valued at $55,531,000 after buying an additional 182,200 shares during the last quarter. HighTower Advisors LLC boosted its position in iShares New York Muni Bond ETF by 28.7% in the fourth quarter. HighTower Advisors LLC now owns 551,679 shares of the company’s stock valued at $29,520,000 after buying an additional 123,158 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in iShares New York Muni Bond ETF by 91.2% in the fourth quarter. JPMorgan Chase & Co. now owns 174,912 shares of the company’s stock valued at $9,360,000 after buying an additional 83,431 shares during the last quarter.

iShares New York Muni Bond ETF Stock Performance

Shares of NYSEARCA:NYF opened at $53.81 on Friday. iShares New York Muni Bond ETF has a twelve month low of $51.58 and a twelve month high of $54.52. The company’s 50 day moving average is $53.53 and its 200 day moving average is $53.63.

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). The Underlying Index measures the performance of investment-grade, noncallable United States municipal bonds maturing in 2016. The Index includes municipal bonds primarily from issuers that are state or local governments or agencies such that the interest on the bonds is exempt from United States federal income taxes and the federal alternative minimum tax (AMT).