First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) Stock Price Passes Above 200-Day Moving Average – Here’s Why

First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 Trading Down 0.0%

The stock has a 50 day simple moving average of $17.25 and a 200 day simple moving average of $17.16. The firm has a market capitalization of $19.90 million, a PE ratio of 16.97 and a beta of 0.38.

First Trust Flexible Municipal High Income ETF Announces Dividend

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

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers raised its stake in shares of 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 acquiring an additional 1,164 shares during 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 about $302,000. BDFS Capital LLC purchased a new position in First Trust Flexible Municipal High Income ETF during the 4th quarter valued at about $298,000. Goldman Sachs Group Inc. purchased a new position in First Trust Flexible Municipal High Income ETF during the 4th quarter valued at about $204,000. Finally, Harbour Investments Inc. raised its position in First Trust Flexible Municipal High Income ETF by 0.6% during the 4th quarter. Harbour Investments Inc. now owns 121,659 shares of the technology company’s stock valued at $2,068,000 after purchasing an additional 740 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.