First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $17.11 and traded as high as $17.49. First Trust Flexible Municipal High Income ETF shares last traded at $17.3190, with a volume of 11,517 shares trading hands.

First Trust Flexible Municipal High Income ETF Stock Performance

The stock has a fifty day moving average of $17.14 and a 200 day moving average of $17.11. The company has a market capitalization of $19.05 million, a P/E ratio of 16.98 and a beta of 0.39.

First Trust Flexible Municipal High Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were paid a $0.061 dividend. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Thursday, May 21st. This is a boost 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 Investors Weigh In On First Trust Flexible Municipal High Income ETF

A number of institutional investors have recently bought and sold shares of MFLX. Goldman Sachs Group Inc. purchased a new position in shares of First Trust Flexible Municipal High Income ETF during the fourth quarter valued at about $204,000. Cetera Investment Advisers grew its position in First Trust Flexible Municipal High Income ETF by 17.8% in the second quarter. Cetera Investment Advisers now owns 13,106 shares of the technology company’s stock worth $217,000 after acquiring an additional 1,979 shares in the last quarter. BDFS Capital LLC purchased a new position in First Trust Flexible Municipal High Income ETF in the fourth quarter worth about $298,000. Independent Financial Group LLC purchased a new position in First Trust Flexible Municipal High Income ETF in the first quarter worth about $302,000. Finally, Benjamin Edwards Inc. grew its position in First Trust Flexible Municipal High Income ETF by 69.0% in the second quarter. Benjamin Edwards Inc. now owns 22,156 shares of the technology company’s stock worth $367,000 after acquiring an additional 9,046 shares in the last quarter. Hedge funds and other institutional investors own 31.03% of the company’s stock.

First Trust Flexible Municipal High Income ETF Company Profile

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.