First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) to Issue Dividend Increase – $0.06 Per Share

First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) declared a monthly dividend on Wednesday, May 20th. Shareholders of record on Thursday, May 21st will be paid a dividend of 0.061 per share by the technology company on Friday, May 29th. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date is Thursday, May 21st. This is a 1.7% increase from First Trust Flexible Municipal High Income ETF’s previous monthly dividend of $0.06.

First Trust Flexible Municipal High Income ETF Stock Performance

Shares of NASDAQ:MFLX opened at $17.04 on Thursday. The stock has a market capitalization of $18.74 million, a price-to-earnings ratio of 16.70 and a beta of 0.39. The stock’s 50-day simple moving average is $17.09 and its two-hundred day simple moving average is $17.09. First Trust Flexible Municipal High Income ETF has a 52-week low of $16.18 and a 52-week high of $17.76.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MFLX. Goldman Sachs Group Inc. purchased a new position in First Trust Flexible Municipal High Income ETF in the fourth quarter worth about $204,000. Cetera Investment Advisers boosted its position in First Trust Flexible Municipal High Income ETF by 17.8% in the second 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 purchased a new position in First Trust Flexible Municipal High Income ETF in the fourth quarter worth about $298,000. Independent Financial Group LLC purchased a new position in First Trust Flexible Municipal High Income ETF in the first quarter worth about $302,000. Finally, Benjamin Edwards Inc. boosted its position 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 purchasing an additional 9,046 shares during the last quarter. 31.03% of the stock is owned by hedge funds and other 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.