First Trust New York High Income Municipal ETF Price & Performance (FMNY)

Bank of New York Mellon Corp has cut its holdings in First Internet Bancorp by 7.3% during the fourth quarter. The fund sold 2,440 shares, bringing its total to 30,785 shares, valued at $1.1 million. This move comes amid a broader trend of institutional investors adjusting their positions in the bank.1

Bank of New York Mellon Corp decreased its position in the First Trust Municipal High Income ETF by 3.5% in the fourth quarter. The firm sold 1,843 shares, leaving it with 50,816 shares worth $2.45 million. Other institutional investors have also been making adjustments to their holdings in the ETF.2

US Bancorp DE increased its stake in the First Trust Managed Municipal ETF by 45.1% during the fourth quarter. The firm added 3,376 shares, bringing its total to 10,861 shares valued at $554,000. This marks a notable uptick in institutional interest in the municipal bond-focused ETF.3