First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.14 and traded as high as $17.45. First Trust Flexible Municipal High Income ETF shares last traded at $17.4050, with a volume of 543 shares.

First Trust Flexible Municipal High Income ETF Stock Up 0.2%

The company has a market cap of $19.15 million, a PE ratio of 17.06 and a beta of 0.39. The firm’s fifty day simple moving average is $17.22 and its 200-day simple moving average is $17.14.

First Trust Flexible Municipal High Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.061 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Thursday, June 25th. First Trust Flexible Municipal High Income ETF’s dividend payout ratio (DPR) is 68.63%.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Harbour Investments Inc. lifted its stake in First Trust Flexible Municipal High Income ETF by 0.6% in the 4th quarter. Harbour Investments Inc. now owns 121,659 shares of the technology company’s stock valued at $2,068,000 after buying an additional 740 shares in the last quarter. Cetera Investment Advisers increased 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 worth $700,000 after buying an additional 1,164 shares in the last quarter. Benjamin Edwards Inc. increased 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 worth $367,000 after buying an additional 9,046 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of First Trust Flexible Municipal High Income ETF by 29.3% in the second quarter. Osaic Holdings Inc. now owns 40,907 shares of the technology company’s stock worth $678,000 after acquiring an additional 9,276 shares during the last quarter. Finally, Goldman Sachs Group Inc. acquired a new position in shares of First Trust Flexible Municipal High Income ETF in the fourth quarter worth $204,000. Hedge funds and other institutional investors 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.