First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.10 and traded as high as $17.27. First Trust Flexible Municipal High Income ETF shares last traded at $17.27, with a volume of 380 shares.

First Trust Flexible Municipal High Income ETF Trading Up 0.1%

The stock has a market capitalization of $19.00 million, a PE ratio of 16.93 and a beta of 0.39. The firm’s 50-day simple moving average is $17.09 and its two-hundred day simple moving average is $17.10.

First Trust Flexible Municipal High Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were given a dividend of $0.061 per share. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date was Thursday, May 21st. This is a positive change 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 is presently 68.63%.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP purchased a new position in First Trust Flexible Municipal High Income ETF during the 3rd quarter worth approximately $786,000. Harbour Investments Inc. grew its position in First Trust Flexible Municipal High Income ETF by 0.6% during the 4th quarter. Harbour Investments Inc. now owns 121,659 shares of the technology company’s stock worth $2,068,000 after purchasing an additional 740 shares in the last quarter. BDFS Capital LLC purchased a new position in First Trust Flexible Municipal High Income ETF during the 4th quarter worth approximately $298,000. Independent Financial Group LLC purchased a new position in shares of First Trust Flexible Municipal High Income ETF during the 1st quarter valued at $302,000. Finally, Cetera Investment Advisers grew its holdings in shares of First Trust Flexible Municipal High Income ETF by 2.9% during the 1st quarter. Cetera Investment Advisers now owns 41,729 shares of the technology company’s stock valued at $700,000 after acquiring an additional 1,164 shares in the last quarter. 31.03% of the stock is currently 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.