First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) Shares Pass Above 200-Day Moving Average – Time to Sell?

First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $17.11 and traded as high as $17.49. First Trust Flexible Municipal High Income ETF shares last traded at $17.3190, with a volume of 11,517 shares changing hands.

First Trust Flexible Municipal High Income ETF Stock Down 0.2%

The stock has a 50-day moving average of $17.16 and a 200 day moving average of $17.11. The stock has a market cap of $19.05 million, a PE ratio of 16.98 and a beta of 0.39.

First Trust Flexible Municipal High Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were issued a $0.061 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This is a boost from First Trust Flexible Municipal High Income ETF’s previous monthly dividend of $0.06. 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 Inflows and Outflows

A number of large investors have recently bought and sold shares of MFLX. Susquehanna International Group LLP purchased a new stake in First Trust Flexible Municipal High Income ETF in the 3rd quarter valued at $786,000. Independent Financial Group LLC purchased a new stake in First Trust Flexible Municipal High Income ETF in the 1st quarter valued at $302,000. BDFS Capital LLC purchased a new stake in First Trust Flexible Municipal High Income ETF in the 4th quarter valued at $298,000. Goldman Sachs Group Inc. purchased a new stake in First Trust Flexible Municipal High Income ETF in the 4th quarter valued at $204,000. Finally, Osaic Holdings Inc. grew its holdings in 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 buying an additional 9,276 shares in the last quarter. 31.03% of the stock is owned by institutional investors and hedge funds.

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.