Flynn Zito Capital Management LLC Purchases Shares of 152,704 First Trust New York Municipal High Income ETF $FMNY

Flynn Zito Capital Management LLC acquired a new stake in shares of First Trust New York Municipal High Income ETF (NYSEARCA:FMNY) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 152,704 shares of the company’s stock, valued at approximately $4,036,000. First Trust New York Municipal High Income ETF comprises approximately 1.3% of Flynn Zito Capital Management LLC’s portfolio, making the stock its 23rd biggest holding. Flynn Zito Capital Management LLC owned about 10.91% of First Trust New York Municipal High Income ETF at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Jane Street Group LLC acquired a new stake in shares of First Trust New York Municipal High Income ETF in the first quarter worth approximately $386,000. Flow Traders U.S. LLC acquired a new position in First Trust New York Municipal High Income ETF during the third quarter worth approximately $1,420,000. Magnus Financial Group LLC raised its stake in First Trust New York Municipal High Income ETF by 2.9% during the fourth quarter. Magnus Financial Group LLC now owns 329,205 shares of the company’s stock worth $8,788,000 after purchasing an additional 9,156 shares during the period. Emergent Wealth Advisors LLC purchased a new position in First Trust New York Municipal High Income ETF during the fourth quarter worth approximately $407,000. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of First Trust New York Municipal High Income ETF by 44.6% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 155,121 shares of the company’s stock valued at $4,141,000 after buying an additional 47,844 shares during the period.

First Trust New York Municipal High Income ETF Stock Performance

FMNY stock opened at $26.78 on Wednesday. The business has a fifty day simple moving average of $26.75 and a 200-day simple moving average of $26.78. First Trust New York Municipal High Income ETF has a 52 week low of $25.61 and a 52 week high of $27.22.

About First Trust New York Municipal High Income ETF

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.