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

First Trust Flexible Municipal High Income ETF (NASDAQ:MFLX) announced a monthly dividend on Thursday, August 20th. Shareholders of record on Friday, August 21st will be given a dividend of 0.062 per share by the technology company on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Friday, August 21st. This is a 1.6% increase from First Trust Flexible Municipal High Income ETF’s previous monthly dividend of $0.06.

First Trust Flexible Municipal High Income ETF Stock Down 0.2%

Shares of First Trust Flexible Municipal High Income ETF stock opened at $16.90 on Friday. First Trust Flexible Municipal High Income ETF has a 52 week low of $16.30 and a 52 week high of $17.95. The business’s fifty day simple moving average is $17.18 and its 200-day simple moving average is $17.16. The firm has a market cap of $21.12 million, a PE ratio of 16.57 and a beta of 0.38.

Institutional Trading of First Trust Flexible Municipal High Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. purchased a new position in First Trust Flexible Municipal High Income ETF during the fourth quarter worth about $204,000. Cetera Investment Advisers increased its position in shares of First Trust Flexible Municipal High Income ETF by 17.8% during the second quarter. Cetera Investment Advisers now owns 13,106 shares of the technology company’s stock valued at $217,000 after acquiring an additional 1,979 shares during the last quarter. BDFS Capital LLC purchased a new stake in shares of First Trust Flexible Municipal High Income ETF in the 4th quarter valued at approximately $298,000. Independent Financial Group LLC purchased a new stake in shares of First Trust Flexible Municipal High Income ETF in the 1st quarter valued at approximately $302,000. Finally, Benjamin Edwards Inc. raised its stake in shares of First Trust Flexible Municipal High Income ETF by 69.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 22,156 shares of the technology company’s stock valued at $367,000 after acquiring an additional 9,046 shares during the period. 31.03% of the stock is currently owned by hedge funds and other 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.