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

First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.14 and traded as high as $17.45. First Trust Flexible Municipal High Income ETF shares last traded at $17.4050, with a volume of 543 shares changing hands.

First Trust Flexible Municipal High Income ETF Price Performance

The stock has a market cap of $20.02 million, a P/E ratio of 17.06 and a beta of 0.38. The firm’s fifty day moving average price is $17.23 and its two-hundred day moving average price is $17.15.

First Trust Flexible Municipal High Income ETF Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers increased its position in shares of First Trust Flexible Municipal High Income ETF by 17.8% during the 2nd quarter. Cetera Investment Advisers now owns 13,106 shares of the technology company’s stock valued at $217,000 after purchasing an additional 1,979 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in First Trust Flexible Municipal High Income ETF by 69.0% in the second quarter. Benjamin Edwards Inc. now owns 22,156 shares of the technology company’s stock worth $367,000 after buying an additional 9,046 shares in the last quarter. Osaic Holdings Inc. boosted its stake in First Trust Flexible Municipal High Income ETF by 29.3% in the second quarter. Osaic Holdings Inc. now owns 40,907 shares of the technology company’s stock worth $678,000 after buying an additional 9,276 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in First Trust Flexible Municipal High Income ETF in the third quarter worth approximately $786,000. Finally, Harbour Investments Inc. grew its position in First Trust Flexible Municipal High Income ETF by 0.6% during 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 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.