Hennion & Walsh Asset Management Inc. raised its stake in First Trust New York Municipal High Income ETF (NYSEARCA:FMNY – Free Report) by 11.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 200,577 shares of the company’s stock after buying an additional 20,918 shares during the quarter. Hennion & Walsh Asset Management Inc. owned approximately 13.83% of First Trust New York Municipal High Income ETF worth $5,396,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Kestra Advisory Services LLC purchased a new position in shares of First Trust New York Municipal High Income ETF during the 4th quarter worth $181,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of First Trust New York Municipal High Income ETF in the first quarter valued at about $204,000. LPL Financial LLC purchased a new stake in shares of First Trust New York Municipal High Income ETF in the fourth quarter valued at about $265,000. Goldman Sachs Group Inc. acquired a new stake in First Trust New York Municipal High Income ETF during the fourth quarter worth about $330,000. Finally, Cetera Investment Advisers acquired a new stake in First Trust New York Municipal High Income ETF during the fourth quarter worth about $380,000.
First Trust New York Municipal High Income ETF Price Performance
Shares of FMNY stock opened at $26.46 on Monday. The firm’s 50-day moving average is $26.68 and its two-hundred day moving average is $26.74. First Trust New York Municipal High Income ETF has a 12 month low of $25.73 and a 12 month high of $27.22.
First Trust New York Municipal High Income ETF 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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