About First Trust Exchange-Traded Fund III - First Trust New York Municipal High Income ETF (FMNY)

First Trust Exchange-Traded Fund III - First Trust New York Municipal High Income ETF (FMNY) is an exchange-traded fund that focuses on providing investors with exposure to municipal bonds issued by entities in the state of New York. The fund seeks to provide a high level of current income that is exempt from federal income tax, as well as New York state and local income taxes. FMNY is managed by First Trust Advisors LP.

With a market cap of XXX million and a PEG ratio of XX, FMNY is a relatively small ETF that is suitable for investors seeking exposure to New York municipal bonds. The fund has a diversified portfolio of bonds, with investments in various sectors including transportation, education, healthcare, and general obligation bonds. FMNY also provides investors with a yield of approximately X.X%, making it an attractive option for income-seeking investors.