Hsbc Holdings PLC Purchases 295,475 Shares of iShares New York Muni Bond ETF $NYF

Hsbc Holdings PLC raised its position in iShares New York Muni Bond ETF (NYSEARCA:NYF) by 1,070.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 323,084 shares of the company’s stock after buying an additional 295,475 shares during the period. Hsbc Holdings PLC owned 1.51% of iShares New York Muni Bond ETF worth $17,288,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. WealthShield Partners LLC acquired a new stake in shares of iShares New York Muni Bond ETF during the fourth quarter worth approximately $90,000. CIBC Private Wealth Group LLC bought a new stake in iShares New York Muni Bond ETF during the 4th quarter worth approximately $188,000. Quadrant Private Wealth Management LLC bought a new stake in iShares New York Muni Bond ETF during the 4th quarter worth approximately $201,000. LVW Advisors LLC acquired a new stake in iShares New York Muni Bond ETF during the 4th quarter valued at $202,000. Finally, Coldstream Capital Management Inc. acquired a new stake in iShares New York Muni Bond ETF during the 3rd quarter valued at $202,000.

iShares New York Muni Bond ETF Price Performance

iShares New York Muni Bond ETF stock opened at $53.73 on Wednesday. The business’s fifty day moving average is $53.58 and its two-hundred day moving average is $53.66. iShares New York Muni Bond ETF has a 52 week low of $51.58 and a 52 week high of $54.52.

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). 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).