54,053 First Trust New York Municipal High Income ETF $FMNY Shares Bought by Magnus Financial Group LLC

Magnus Financial Group LLC boosted its position in First Trust New York Municipal High Income ETF (NYSEARCA:FMNY) by 12.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 472,922 shares of the company’s stock after purchasing an additional 54,053 shares during the period. Magnus Financial Group LLC owned about 0.47% of First Trust New York Municipal High Income ETF worth $11,771,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in FMNY. Hennion & Walsh Asset Management Inc. grew its stake in shares of 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 period. Flynn Zito Capital Management LLC purchased a new stake in shares of First Trust New York Municipal High Income ETF during the 1st quarter valued at about $4,036,000. Cetera Investment Advisers lifted its stake in shares of First Trust New York Municipal High Income ETF by 94.4% in the 1st 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 period. Platform Technology Partners lifted its stake in shares of First Trust New York Municipal High Income ETF by 33.0% in the 1st 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 period. Finally, Patriot Financial Group Insurance Agency LLC bought a new position in shares of First Trust New York Municipal High Income ETF in the 1st quarter worth approximately $204,000.

First Trust New York Municipal High Income ETF Price Performance

FMNY opened at $25.16 on Thursday. The company’s 50 day moving average is $25.51 and its 200 day moving average is $26.26. First Trust New York Municipal High Income ETF has a 12-month low of $24.49 and a 12-month high of $27.22.

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.