Magnus Financial Group LLC lifted its position in shares of First Trust New York Municipal High Income ETF (NYSEARCA:FMNY – Free Report) by 12.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 472,922 shares of the company’s stock after acquiring an additional 54,053 shares during the period. Magnus Financial Group LLC owned approximately 47.29% of First Trust New York Municipal High Income ETF worth $11,771,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. boosted its stake in First Trust New York Municipal High Income ETF by 11.6% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 200,577 shares of the company’s stock valued at $5,396,000 after purchasing an additional 20,918 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of First Trust New York Municipal High Income ETF by 94.4% in the first quarter. Cetera Investment Advisers now owns 27,693 shares of the company’s stock worth $732,000 after purchasing an additional 13,451 shares during the last quarter. Flynn Zito Capital Management LLC purchased a new position in shares of First Trust New York Municipal High Income ETF in the first quarter worth $4,036,000. Platform Technology Partners raised its stake in shares of First Trust New York Municipal High Income ETF by 33.0% in the first quarter. Platform Technology Partners now owns 14,942 shares of the company’s stock worth $395,000 after purchasing an additional 3,710 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC bought a new position in shares of First Trust New York Municipal High Income ETF during the first quarter valued at $204,000.
First Trust New York Municipal High Income ETF Stock Down 0.1%
Shares of NYSEARCA:FMNY opened at $25.16 on Thursday. First Trust New York Municipal High Income ETF has a 1 year low of $24.49 and a 1 year high of $27.22. The stock’s fifty day moving average price is $25.51 and its 200-day moving average price is $26.26.
First Trust New York Municipal High Income ETF Company Profile
The First Trust New York High Income Municipal ETF (FMNY) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that targets fixed income of any duration and credit quality. Issues selected provide interest income that is exempt from federal, New York State and City taxes. FMNY was launched on May 12, 2021 and is managed by First Trust.
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