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

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

Other hedge funds have also modified their holdings of the company. Compound Planning Inc. grew its position in shares of iShares New York Muni Bond ETF by 9.4% during the 4th quarter. Compound Planning Inc. now owns 35,583 shares of the company’s stock valued at $1,904,000 after acquiring an additional 3,045 shares during the period. Corient Private Wealth LLC raised its holdings in iShares New York Muni Bond ETF by 48.9% in the 4th quarter. Corient Private Wealth LLC now owns 19,157 shares of the company’s stock worth $1,025,000 after purchasing an additional 6,293 shares during the period. Note Advisors LLC raised its holdings in iShares New York Muni Bond ETF by 21.3% in the 4th quarter. Note Advisors LLC now owns 94,604 shares of the company’s stock worth $5,085,000 after purchasing an additional 16,601 shares during the period. EP Wealth Advisors LLC purchased a new position in iShares New York Muni Bond ETF during the fourth quarter worth approximately $500,000. Finally, Guggenheim Capital LLC boosted its position in iShares New York Muni Bond ETF by 42.4% during the fourth quarter. Guggenheim Capital LLC now owns 108,155 shares of the company’s stock worth $5,787,000 after purchasing an additional 32,196 shares in the last quarter.

iShares New York Muni Bond ETF Price Performance

Shares of NYF opened at $53.81 on Friday. iShares New York Muni Bond ETF has a 12 month low of $51.58 and a 12 month high of $54.52. The stock’s 50 day moving average is $53.53 and its two-hundred day moving average is $53.63.

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).