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

First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.16 and traded as high as $17.35. First Trust Flexible Municipal High Income ETF shares last traded at $17.3050, with a volume of 55,429 shares traded.

First Trust Flexible Municipal High Income ETF Price Performance

The company has a market cap of $19.90 million, a P/E ratio of 16.97 and a beta of 0.38. The stock’s 50-day moving average price is $17.25 and its 200-day moving average price is $17.16.

First Trust Flexible Municipal High Income ETF Dividend Announcement

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

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

Large investors have recently made changes to their positions in the business. Harbour Investments Inc. raised its holdings in shares of First Trust Flexible Municipal High Income ETF by 0.6% during the fourth quarter. Harbour Investments Inc. now owns 121,659 shares of the technology company’s stock valued at $2,068,000 after acquiring an additional 740 shares in the last quarter. Susquehanna International Group LLP bought a new stake in First Trust Flexible Municipal High Income ETF in the third quarter valued at $786,000. Cetera Investment Advisers increased its position 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 valued at $700,000 after purchasing an additional 1,164 shares during the period. Osaic Holdings Inc. increased its position 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 valued at $678,000 after purchasing an additional 9,276 shares during the period. Finally, Benjamin Edwards Inc. raised its holdings in First Trust Flexible Municipal High Income ETF by 69.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 22,156 shares of the technology company’s stock worth $367,000 after purchasing an additional 9,046 shares in 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.