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

First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 changing hands.

First Trust Flexible Municipal High Income ETF Price Performance

The firm’s 50 day simple moving average is $17.20 and its two-hundred day simple moving average is $17.13. The firm has a market capitalization of $19.05 million, a P/E ratio of 16.98 and a beta of 0.39.

First Trust Flexible Municipal High Income ETF Announces Dividend

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

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

A number of large investors have recently made changes to their positions in the business. Harbour Investments Inc. boosted its holdings in First Trust Flexible Municipal High Income ETF by 0.6% in 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 purchased a new position in First Trust Flexible Municipal High Income ETF during the third quarter valued at $786,000. Cetera Investment Advisers boosted its stake in First Trust Flexible Municipal High Income ETF by 2.9% in the 1st quarter. Cetera Investment Advisers now owns 41,729 shares of the technology company’s stock worth $700,000 after purchasing an additional 1,164 shares in the last quarter. Osaic Holdings Inc. grew its holdings in shares of First Trust Flexible Municipal High Income ETF by 29.3% during the second quarter. Osaic Holdings Inc. now owns 40,907 shares of the technology company’s stock valued at $678,000 after buying an additional 9,276 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its stake in First Trust Flexible Municipal High Income ETF by 69.0% during 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 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.