First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) Shares Pass Above 200-Day Moving Average – Should You Sell?

First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.09 and traded as high as $17.29. First Trust Flexible Municipal High Income ETF shares last traded at $17.1840, with a volume of 1,552 shares trading hands.

First Trust Flexible Municipal High Income ETF Trading Up 0.3%

The company has a market cap of $18.95 million, a PE ratio of 16.89 and a beta of 0.39. The stock has a 50 day moving average price of $17.07 and a 200 day moving average price of $17.09.

First Trust Flexible Municipal High Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were paid a $0.061 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Thursday, May 21st. This is a boost from First Trust Flexible Municipal High Income ETF’s previous monthly dividend of $0.06. First Trust Flexible Municipal High Income ETF’s dividend payout ratio (DPR) is 68.63%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in MFLX. Cetera Investment Advisers raised its stake in First Trust Flexible Municipal High Income ETF by 2.9% during the first quarter. Cetera Investment Advisers now owns 41,729 shares of the technology company’s stock valued at $700,000 after buying an additional 1,164 shares during the last quarter. Independent Financial Group LLC purchased a new position in First Trust Flexible Municipal High Income ETF during the first quarter valued at $302,000. BDFS Capital LLC purchased a new position in First Trust Flexible Municipal High Income ETF during the fourth quarter valued at $298,000. Goldman Sachs Group Inc. purchased a new position in First Trust Flexible Municipal High Income ETF during the fourth quarter valued at $204,000. Finally, Harbour Investments Inc. raised its stake 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 buying an additional 740 shares during the last quarter. Hedge funds and other 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.