First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $17.08 and traded as high as $17.17. First Trust Flexible Municipal High Income ETF shares last traded at $17.15, with a volume of 19,422 shares changing hands.

First Trust Flexible Municipal High Income ETF Trading Up 0.8%

The stock has a market cap of $18.96 million, a P/E ratio of 16.90 and a beta of 0.40. The company’s fifty day simple moving average is $17.14 and its 200-day simple moving average is $17.08.

First Trust Flexible Municipal High Income ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a $0.06 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a c) annualized dividend and a dividend yield of 4.2%. First Trust Flexible Municipal High Income ETF’s dividend payout ratio is presently 67.65%.

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

Large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. bought a new stake in shares of First Trust Flexible Municipal High Income ETF in the 4th quarter worth about $204,000. Cetera Investment Advisers grew its holdings in shares of First Trust Flexible Municipal High Income ETF by 17.8% in the 2nd 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 last quarter. BDFS Capital LLC bought a new stake in shares of First Trust Flexible Municipal High Income ETF in the 4th quarter worth about $298,000. Benjamin Edwards Inc. grew its holdings 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 worth $367,000 after purchasing an additional 9,046 shares during the last quarter. Finally, Hedeker Wealth LLC grew its holdings in shares of First Trust Flexible Municipal High Income ETF by 4.3% in the 3rd quarter. Hedeker Wealth LLC now owns 23,290 shares of the technology company’s stock worth $394,000 after purchasing an additional 953 shares during the last quarter. Institutional investors own 31.03% of the company’s stock.

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.