AUM $17.0MER 0.66%NAV $17.25Holdings 34Inception Sep 2016
Price Chart
Key Statistics
Previous Close
—Day Range
N/A52-Week Range
N/AAvg Volume
9.9KDividend Yield
4.02%Expense Ratio
0.66%AUM
$17.0MShares Outstanding
984.1KSector Breakdown
| Sector | Weight % |
|---|---|
| Financial Services | 98.72% |
| Technology | 1.28% |
Country Allocation
| Country | Weight % |
|---|---|
| United States | 100.00% |
Fund Information
- Issuer
- First Trust
- Category
- Financial Services
- Types
- IncomeMunicipal Bond
- Inception Date
- Sep 27, 2016
- Description
- Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (plus any investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes. Municipal debt securities are generally issued by or on behalf of states, territories or possessions of the United States and the District of Columbia and their political subdivisions, agencies, authorities and other instrumentalities.
Similar ETFs
The First Trust Flexible Municipal High Income ETF (MCEF) is an exchange-traded fund issued by First Trust that launched on Sep 27, 2016. It currently manages $17.0M in assets under management. The fund charges an expense ratio of 0.66%. The fund holds 34 securities in its portfolio. It falls under the Financial Services category.
Top 10 holdings represent 42.1% of the fund
| Rank | Symbol | Name | Weight % | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | NVG | Nuveen AMT-Free Municipal Credit Income Fund | 5.45% | 56,906 | $788K |
| 2 | MUE | BlackRock MuniHoldings Quality Fund II, Inc. | 4.96% | 60,635 | $716K |
| 3 | HYD | VanEck High Yield Muni ETF | 4.84% | 12,459 | $699K |
| 4 | NEV | Nuveen Enhanced Municipal Value Fund | 4.18% | 48,571 | $604K |
| 5 | NMCO | Nuveen Municipal Credit Opportunities Fund | 4.09% | 46,263 | $590K |
| 6 | MUI | BlackRock Municipal Income Fund | 3.89% | 44,411 | $562K |
| 7 | MUNI | PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund | 3.77% | 10,408 | $545K |
| 8 | VGM | Invesco Trust for Investment Grade Municipals | 3.67% | 47,760 | $531K |
| 9 | MNP | Western Asset Municipal Partners Fund Inc. | 3.64% | 41,070 | $525K |
| 10 | VKQ | Invesco Municipal Trust | 3.60% | 48,186 | $520K |
| 11 | NXP | Nuveen Select Tax-Free Income Portfolio | 3.51% | 36,012 | $507K |
| 12 | IIM | Invesco Value Municipal Income Trust | 3.43% | 36,268 | $495K |
| 13 | NZF | Nuveen Municipal Credit Income Fund | 3.38% | 36,095 | $489K |
| 14 | NAD | Nuveen Quality Municipal Income Fund | 3.37% | 37,739 | $486K |
| 15 | IQI | Invesco Quality Municipal Income Trust | 3.36% | 45,118 | $486K |
Detailed Returns
| Period | Return | ETF |
|---|---|---|
| 1D | — | |
| 1W | — | |
| 1M | — | |
| 3M | — | |
| 6M | — | |
| YTD | — | |
| 1Y | — | |
| 3Y | — | |
| 5Y | -22.49% |
Moving Averages
20-Day MA
—
50-Day MA
—
200-Day MA
—
Price with Moving Averages
Support & Resistance
52-Week High
—
Current Price
$17.29
52-Week Low
—
Current Yield
4.02%
Annual Dividend
$0.2410
Frequency
Monthlyx/year
Last Ex-Date
May 21, 2026
Dividend History
| Ex-Date | Amount | Pay Date |
|---|---|---|
| May 21, 2026 | $0.0610 | — |
| Apr 21, 2026 | $0.0600 | — |
| Mar 26, 2026 | $0.0600 | — |
| Feb 20, 2026 | $0.0600 | — |
| Jan 21, 2026 | $0.0600 | — |
| Dec 12, 2025 | $0.0575 | — |
| Nov 21, 2025 | $0.0575 | — |
| Oct 21, 2025 | $0.0575 | — |
| Sep 25, 2025 | $0.0575 | — |
| Aug 21, 2025 | $0.0575 | — |
| Jul 22, 2025 | $0.0575 | — |
| Jun 26, 2025 | $0.0575 | — |
| May 21, 2025 | $0.0575 | — |
| Apr 22, 2025 | $0.0575 | — |
| Mar 27, 2025 | $0.0575 | — |
| Feb 21, 2025 | $0.0575 | — |
| Jan 22, 2025 | $0.0575 | — |
| Dec 13, 2024 | $0.0575 | — |
| Nov 21, 2024 | $0.0575 | — |
| Oct 22, 2024 | $0.0575 | — |
Dividend Payments Over Time
Category Comparison
| Metric | MCEF | Financial Services(764 ETFs) | Income(1130 ETFs) |
|---|---|---|---|
| Fund Info | |||
| Expense Ratio | 0.66% | 0.69% | 0.70% |
| AUM | $17.0M | $3.58B | $1.63B |
| Dividend Yield | 4.02% | 4.83% | 11.22% |
| Avg Volume | 9.9K | 879.6K | 328.2K |
| Holdings | 34 | 238 | 190 |
| Performance | |||
| 1-Month Return | — | -2.11% | -2.03% |
| 6-Month Return | — | +0.40% | -2.28% |
| YTD Return | — | +4.92% | -2.82% |
| 1-Year Return | — | +2.22% | -3.81% |
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