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

First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.10 and traded as high as $17.27. First Trust Flexible Municipal High Income ETF shares last traded at $17.27, with a volume of 380 shares.

First Trust Flexible Municipal High Income ETF Price Performance

The company has a market capitalization of $19.00 million, a price-to-earnings ratio of 16.93 and a beta of 0.39. The stock’s fifty day simple moving average is $17.09 and its two-hundred day simple moving average is $17.10.

First Trust Flexible Municipal High Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were issued a dividend of $0.061 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. This is a positive change from First Trust Flexible Municipal High Income ETF’s previous monthly dividend of $0.06. The ex-dividend date of this dividend was Thursday, May 21st. First Trust Flexible Municipal High Income ETF’s dividend payout ratio is currently 68.63%.

Institutional Trading of First Trust Flexible Municipal High Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of MFLX. Susquehanna International Group LLP bought a new position in shares of First Trust Flexible Municipal High Income ETF during the third quarter worth about $786,000. Osaic Holdings Inc. grew its position 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 worth $678,000 after acquiring an additional 9,276 shares during the last quarter. Benjamin Edwards Inc. grew its position in shares of First Trust Flexible Municipal High Income ETF by 69.0% during the second quarter. Benjamin Edwards Inc. now owns 22,156 shares of the technology company’s stock worth $367,000 after acquiring an additional 9,046 shares during the last quarter. Cetera Investment Advisers grew 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 acquiring an additional 1,979 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in shares of First Trust Flexible Municipal High Income ETF during the fourth quarter worth about $204,000. 31.03% of the stock is 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.