First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.10 and traded as high as $17.27. First Trust Flexible Municipal High Income ETF shares last traded at $17.27, with a volume of 380 shares.

First Trust Flexible Municipal High Income ETF Stock Up 0.1%

The firm has a market capitalization of $19.00 million, a PE ratio of 16.93 and a beta of 0.39. The business’s fifty day moving average price is $17.09 and its 200 day moving average price is $17.10.

First Trust Flexible Municipal High Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 21st were issued a $0.061 dividend. The ex-dividend date was Thursday, May 21st. This is a positive change from First Trust Flexible Municipal High Income ETF’s previous monthly dividend of $0.06. This represents a c) dividend on an annualized basis and a yield of 4.2%. First Trust Flexible Municipal High Income ETF’s payout ratio is presently 68.63%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cetera Investment Advisers lifted its position in First Trust Flexible Municipal High Income ETF by 2.9% during the first quarter. Cetera Investment Advisers now owns 41,729 shares of the technology company’s stock valued at $700,000 after buying an additional 1,164 shares in the last quarter. Independent Financial Group LLC bought a new stake in shares of First Trust Flexible Municipal High Income ETF in the first quarter worth $302,000. BDFS Capital LLC bought a new stake in shares of First Trust Flexible Municipal High Income ETF in the fourth quarter worth $298,000. Goldman Sachs Group Inc. bought a new stake in shares of First Trust Flexible Municipal High Income ETF in the fourth quarter worth $204,000. Finally, Harbour Investments Inc. increased its stake in shares of First Trust Flexible Municipal High Income ETF by 0.6% in the fourth 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 during the last quarter. 31.03% of the stock is owned by institutional investors and hedge funds.

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.