First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) Shares Pass Above 200 Day Moving Average – Should You Sell?

First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $17.12 and traded as high as $17.46. First Trust Flexible Municipal High Income ETF shares last traded at $17.43, with a volume of 9,063 shares.

First Trust Flexible Municipal High Income ETF Stock Performance

The firm has a market capitalization of $19.17 million, a P/E ratio of 17.09 and a beta of 0.39. The stock has a 50 day moving average of $17.19 and a 200-day moving average of $17.12.

First Trust Flexible Municipal High Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 21st were paid a $0.061 dividend. The ex-dividend date was Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 4.2%. 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 presently 68.63%.

Institutional Investors Weigh In On First Trust Flexible Municipal High Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. bought a new stake in First Trust Flexible Municipal High Income ETF during the 4th quarter worth approximately $204,000. Cetera Investment Advisers raised its holdings in shares of First Trust Flexible Municipal High Income ETF by 17.8% in the 2nd quarter. Cetera Investment Advisers now owns 13,106 shares of the technology company’s stock valued at $217,000 after acquiring an additional 1,979 shares in the last quarter. BDFS Capital LLC purchased a new stake in shares of First Trust Flexible Municipal High Income ETF in the 4th quarter valued at about $298,000. Independent Financial Group LLC bought a new stake in First Trust Flexible Municipal High Income ETF during the first quarter valued at approximately $302,000. Finally, Benjamin Edwards Inc. lifted its position in First Trust Flexible Municipal High Income ETF by 69.0% during the second quarter. Benjamin Edwards Inc. now owns 22,156 shares of the technology company’s stock valued at $367,000 after purchasing an additional 9,046 shares during the last quarter. 31.03% of the stock is currently owned by institutional investors.

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.