First Trust New York Municipal High Income ETF (NYSEARCA:FMNY – Get Free Report) announced a monthly dividend on Monday, October 20th. Shareholders of record on Monday, November 3rd will be given a dividend of 0.081 per share on Monday, November 17th. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Monday, November 3rd.
First Trust New York Municipal High Income ETF Stock Down 0.2%
Shares of NYSEARCA FMNY opened at $26.75 on Wednesday. The business has a 50-day moving average of $26.33 and a two-hundred day moving average of $26.03. First Trust New York Municipal High Income ETF has a 1 year low of $24.98 and a 1 year high of $27.32.
Hedge Funds Weigh In On First Trust New York Municipal High Income ETF
Several hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC lifted its position in shares of First Trust New York Municipal High Income ETF by 236.5% during the 2nd quarter. Jane Street Group LLC now owns 49,379 shares of the company’s stock worth $1,282,000 after buying an additional 34,704 shares during the last quarter. Magnus Financial Group LLC increased its position in First Trust New York Municipal High Income ETF by 5.0% during the second quarter. Magnus Financial Group LLC now owns 175,749 shares of the company’s stock worth $4,564,000 after buying an additional 8,340 shares during the period. Finally, Platform Technology Partners lifted its stake in First Trust New York Municipal High Income ETF by 16.4% in the first quarter. Platform Technology Partners now owns 12,415 shares of the company’s stock valued at $326,000 after buying an additional 1,753 shares during the last quarter.
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.
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