First Trust New York Municipal High Income ETF
FMNY
10 hedge funds and large institutions have $9.65M invested in First Trust New York Municipal High Income ETF in 2022 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 2 increasing their positions, 3 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
35% more capital invested
Capital invested by funds: $7.13M → $9.65M (+$2.52M)
11% more funds holding
Funds holding: 9 → 10 (+1)
2.9% more ownership
Funds ownership: 70.08% → 72.98% (+2.9%)
33% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MFG
Magnus Financial Group
New York
|
+$4.19M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
+$583K |
| 3 |
SFG
Socha Financial Group
Corning,
New York
|
+$515K |
| 4 |
PTP
Platform Technology Partners
New York
|
+$276K |
| 5 |
Jane Street
New York
|
+$263K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$1.16M |
| 2 |
Citigroup
New York
|
-$637K |
| 3 |
OAJ
Ogorek Anthony Joseph
Williamsville,
New York
|
-$509K |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
-$386K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$280K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MFG
1
Magnus Financial Group
New York
| $4.27M | +$4.19M | +161,578 | New |
|
|
2
First Trust Advisors
Wheaton,
Illinois
| $2.25M | -$386K | -14,900 | -15% |
|
|
3
Jane Street
New York
| $828K | +$263K | +10,130 | +48% |
|
|
OAJ
4
Ogorek Anthony Joseph
Williamsville,
New York
| $636K | -$509K | -19,654 | -45% |
|
|
5
Osaic Holdings
Scottsdale,
Arizona
| $594K | +$583K | +22,480 | New |
|
|
SFG
6
Socha Financial Group
Corning,
New York
| $525K | +$515K | +19,870 | New |
|
|
PTP
7
Platform Technology Partners
New York
| $282K | +$276K | +10,662 | New |
|
|
BWM
8
BlackDiamond Wealth Management
New York
| $240K | +$21.4K | +825 | +10% |
|
|
HI
9
Harbour Investments
Madison,
Wisconsin
| $20.6K | +$20.2K | +778 | New |
|
10
UBS Group
Zurich,
Switzerland
| $2.64K | -$23.3K | -900 | -90% |
|
|
11
JP Morgan Chase
New York
| – | -$1.16M | -45,558 | Closed |
|
|
12
Citigroup
New York
| – | -$637K | -25,000 | Closed |
|
|
13
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$280K | -11,001 | Closed |
|
FMNY Hedge Fund Activity: Q4 2022 in Review
10 of the 6,222 institutional investors tracked by Wall St. Rank reported a position in First Trust New York Municipal High Income ETF (FMNY) for Q4 2022, worth a combined $9.65M — up 35% from $7.13M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FMNY positions and 3 closed out — a net gain of 2 holders — while 2 added to existing stakes and 3 trimmed.
The largest buyer was Magnus Financial Group, opening a new position worth an estimated $4.19M. The largest seller was JP Morgan Chase, exiting entirely with an estimated $1.16M sold.
- 10 institutional investors held First Trust New York Municipal High Income ETF (FMNY) as of Q4 2022, up from 9 in Q3 2022.
- Funds reported $9.65M of First Trust New York Municipal High Income ETF stock for Q4 2022, up 35% quarter-over-quarter.
- 5 funds opened new First Trust New York Municipal High Income ETF positions in Q4 2022 and 3 closed out, a net change of +2 holders.
- The largest First Trust New York Municipal High Income ETF buyer in Q4 2022 was Magnus Financial Group, an estimated $4.19M added.
- The largest First Trust New York Municipal High Income ETF seller in Q4 2022 was JP Morgan Chase, an estimated $1.16M sold.
Based on aggregated 13F filings for Q4 2022.