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

First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 traded.

First Trust Flexible Municipal High Income ETF Trading Up 0.5%

The firm has a fifty day simple moving average of $17.14 and a two-hundred day simple moving average of $17.08. The firm has a market cap of $18.87 million, a PE ratio of 16.81 and a beta of 0.40.

First Trust Flexible Municipal High Income ETF Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. purchased a new position in shares of First Trust Flexible Municipal High Income ETF in the 4th quarter valued at approximately $204,000. Cetera Investment Advisers lifted its stake 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 valued at $217,000 after purchasing an additional 1,979 shares during the period. BDFS Capital LLC purchased a new position in shares of First Trust Flexible Municipal High Income ETF in the 4th quarter valued at approximately $298,000. Benjamin Edwards Inc. lifted its stake 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 valued at $367,000 after purchasing an additional 9,046 shares during the period. Finally, Hedeker Wealth LLC lifted its stake 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 valued at $394,000 after purchasing an additional 953 shares during the period. Hedge funds and other institutional investors own 31.03% of the company’s stock.

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.