First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.09 and traded as high as $17.29. First Trust Flexible Municipal High Income ETF shares last traded at $17.1840, with a volume of 1,552 shares traded.

First Trust Flexible Municipal High Income ETF Trading Down 0.0%

The firm has a fifty day simple moving average of $17.07 and a 200-day simple moving average of $17.09. The stock has a market cap of $18.90 million, a price-to-earnings ratio of 16.85 and a beta of 0.39.

First Trust Flexible Municipal High Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be issued a dividend of $0.061 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) annualized dividend and a yield of 4.3%. This is a positive change from First Trust Flexible Municipal High Income ETF’s previous monthly dividend of $0.06. First Trust Flexible Municipal High Income ETF’s dividend payout ratio (DPR) is currently 68.63%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Harbour Investments Inc. lifted its holdings in First Trust Flexible Municipal High Income ETF by 0.6% during the 4th quarter. Harbour Investments Inc. now owns 121,659 shares of the technology company’s stock worth $2,068,000 after buying an additional 740 shares in the last quarter. Susquehanna International Group LLP acquired a new position in First Trust Flexible Municipal High Income ETF during the 3rd quarter worth $786,000. Cetera Investment Advisers lifted its holdings in First Trust Flexible Municipal High Income ETF by 2.9% during the 1st quarter. Cetera Investment Advisers now owns 41,729 shares of the technology company’s stock worth $700,000 after buying an additional 1,164 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in First Trust Flexible Municipal High Income ETF by 29.3% during the 2nd quarter. Osaic Holdings Inc. now owns 40,907 shares of the technology company’s stock worth $678,000 after buying an additional 9,276 shares in the last quarter. Finally, Benjamin Edwards Inc. lifted its holdings in First Trust Flexible Municipal High Income ETF by 69.0% during the 2nd quarter. Benjamin Edwards Inc. now owns 22,156 shares of the technology company’s stock worth $367,000 after buying an additional 9,046 shares in the last quarter. Institutional investors and hedge funds own 31.03% of the company’s stock.

About First Trust Flexible Municipal High Income ETF

Multi-Fineline Electronix, Inc is engaged in the engineering, design and manufacture of flexible circuit boards along with related component assemblies. The Company provides flexible printed circuits and value-added component assembly solutions to the electronics industry. The Company provides its solutions to original equipment manufacturers (OEMs) and to electronic manufacturing services (EMS) providers. The Company offers products in a range of sectors, including smartphones, tablets, computer/data storage, portable bar code scanners, personal computers, wearables and other consumer electronic devices.