First Trust New York Municipal High Income ETF $FMNY Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. raised its holdings in First Trust New York Municipal High Income ETF (NYSEARCA:FMNY) by 11.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 200,577 shares of the company’s stock after purchasing an additional 20,918 shares during the quarter. Hennion & Walsh Asset Management Inc. owned 0.14% of First Trust New York Municipal High Income ETF worth $5,396,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. 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 acquired a new stake in shares of First Trust New York Municipal High Income ETF during the 1st quarter worth about $204,000. LPL Financial LLC purchased a new stake in First Trust New York Municipal High Income ETF in the 4th quarter valued at about $265,000. Goldman Sachs Group Inc. purchased a new stake in First Trust New York Municipal High Income ETF in the 4th quarter valued at about $330,000. Finally, Cetera Investment Advisers acquired a new position in First Trust New York Municipal High Income ETF in the fourth quarter valued at about $380,000.

First Trust New York Municipal High Income ETF Price Performance

Shares of FMNY stock opened at $26.46 on Monday. First Trust New York Municipal High Income ETF has a 1-year low of $25.73 and a 1-year high of $27.22. The company has a 50-day moving average of $26.68 and a two-hundred day moving average of $26.74.

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.