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

First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $17.17 and traded as high as $17.25. First Trust Flexible Municipal High Income ETF shares last traded at $17.2490, with a volume of 703 shares changing hands.

First Trust Flexible Municipal High Income ETF Stock Performance

The stock has a market cap of $21.56 million, a price-to-earnings ratio of 16.91 and a beta of 0.38. The company’s 50 day simple moving average is $17.26 and its 200 day simple moving average is $17.17.

First Trust Flexible Municipal High Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid 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 currently 68.63%.

Hedge Funds Weigh In On First Trust Flexible Municipal High Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP bought a new stake in shares of First Trust Flexible Municipal High Income ETF in the 3rd quarter worth $786,000. Independent Financial Group LLC bought a new position in First Trust Flexible Municipal High Income ETF during the first quarter valued at about $302,000. BDFS Capital LLC acquired a new position in First Trust Flexible Municipal High Income ETF during the fourth quarter worth about $298,000. Goldman Sachs Group Inc. acquired a new position in First Trust Flexible Municipal High Income ETF during the fourth quarter worth about $204,000. Finally, Osaic Holdings Inc. raised its position 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 acquiring an additional 9,276 shares in the last quarter. 31.03% of the stock is owned by institutional investors.

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.