First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) Stock Price Up 0.9% – Still a Buy?

First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) shares rose 0.9% on Wednesday . The stock traded as high as $17.04 and last traded at $17.0650. Approximately 1,295 shares changed hands during trading, a decline of 74% from the average daily volume of 4,945 shares. The stock had previously closed at $16.91.

First Trust Flexible Municipal High Income ETF Stock Up 0.9%

The stock’s 50-day moving average price is $17.15 and its 200 day moving average price is $17.07. The company has a market cap of $18.77 million, a P/E ratio of 16.73 and a beta of 0.40.

First Trust Flexible Municipal High Income ETF Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. BDFS Capital LLC bought a new stake in shares of First Trust Flexible Municipal High Income ETF in the fourth quarter valued at approximately $298,000. Goldman Sachs Group Inc. bought a new position in First Trust Flexible Municipal High Income ETF during the fourth quarter worth $204,000. Harbour Investments Inc. increased its position 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 worth $2,068,000 after acquiring an additional 740 shares during the period. Susquehanna International Group LLP bought a new position in First Trust Flexible Municipal High Income ETF during the third quarter worth $786,000. Finally, Kingswood Wealth Advisors LLC increased its position in First Trust Flexible Municipal High Income ETF by 2.4% during the third quarter. Kingswood Wealth Advisors LLC now owns 30,335 shares of the technology company’s stock worth $513,000 after acquiring an additional 700 shares during the period. 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.