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 passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $17.17 and traded as high as $17.25. First Trust Flexible Municipal High Income ETF shares last traded at $17.2490, with a volume of 703 shares traded.

First Trust Flexible Municipal High Income ETF Trading Down 0.1%

The firm has a market capitalization of $21.56 million, a P/E ratio of 16.91 and a beta of 0.38. The business’s fifty day moving average is $17.26 and its 200 day moving average is $17.17.

First Trust Flexible Municipal High Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given 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 was Thursday, June 25th. First Trust Flexible Municipal High Income ETF’s dividend payout ratio is 68.63%.

Hedge Funds Weigh In On First Trust Flexible Municipal High Income ETF

Hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers raised its position in shares of First Trust Flexible Municipal High Income ETF by 17.8% during the second quarter. Cetera Investment Advisers now owns 13,106 shares of the technology company’s stock worth $217,000 after purchasing an additional 1,979 shares during the period. Benjamin Edwards Inc. boosted its position in shares of 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 valued at $367,000 after purchasing an additional 9,046 shares during the period. Osaic Holdings Inc. boosted its position in shares of First Trust Flexible Municipal High Income ETF by 29.3% in 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. Susquehanna International Group LLP purchased a new position in First Trust Flexible Municipal High Income ETF in the 3rd quarter worth about $786,000. Finally, Harbour Investments Inc. increased 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 worth $2,068,000 after purchasing an additional 740 shares in the last quarter. 31.03% of the stock is currently 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.