Shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL – Get Rating) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $48.40 and traded as high as $49.67. First Trust California Municipal High Income ETF shares last traded at $49.67, with a volume of 147,225 shares.
First Trust California Municipal High Income ETF Price Performance
The stock has a market cap of $109.27 million, a price-to-earnings ratio of 130.71 and a beta of 0.13. The firm has a 50 day simple moving average of $49.04 and a two-hundred day simple moving average of $48.40.
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First Trust California Municipal High Income ETF Increases Dividend
The firm also recently disclosed a monthly dividend, which was paid on Tuesday, January 31st. Investors of record on Wednesday, January 25th were given a dividend of $0.112 per share. This is an increase from First Trust California Municipal High Income ETF's previous monthly dividend of $0.11. This represents a $1.34 annualized dividend and a dividend yield of 2.71%. The ex-dividend date was Tuesday, January 24th. First Trust California Municipal High Income ETF's dividend payout ratio is currently 307.89%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in FCAL. Jane Street Group LLC increased its position in First Trust California Municipal High Income ETF by 256.3% in the first quarter. Jane Street Group LLC now owns 79,556 shares of the financial services provider's stock worth $4,053,000 after buying an additional 57,230 shares during the last quarter. Integral Investment Advisors Inc. increased its holdings in First Trust California Municipal High Income ETF by 13.9% during the 2nd quarter. Integral Investment Advisors Inc. now owns 17,850 shares of the financial services provider's stock valued at $863,000 after purchasing an additional 2,175 shares during the period. Running Point Capital Advisors LLC increased its holdings in First Trust California Municipal High Income ETF by 14.3% during the 2nd quarter. Running Point Capital Advisors LLC now owns 38,900 shares of the financial services provider's stock valued at $1,882,000 after purchasing an additional 4,879 shares during the period. Summit Wealth & Retirement Planning Inc. grew its holdings in shares of First Trust California Municipal High Income ETF by 21.7% during the 2nd quarter. Summit Wealth & Retirement Planning Inc. now owns 5,621 shares of the financial services provider's stock worth $272,000 after acquiring an additional 1,001 shares during the period. Finally, SeaCrest Wealth Management LLC purchased a new stake in shares of First Trust California Municipal High Income ETF in the 2nd quarter worth approximately $41,000. Institutional investors own 54.39% of the company's stock.
About First Trust California Municipal High Income ETF
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First California Financial Group, Inc is a bank holding company for its wholly owned subsidiary First California Bank (the Bank). The Bank is a full-service commercial bank. The Bank's operations are primarily located within the areas commonly known as the 101 corridor stretching from the City of Ventura to Calabasas, California, the Moorpark-Simi Valley corridor, the western San Fernando Valley, the Tri-Cities area of Glendale-Burbank-Pasadena, the South Bay, the Inland Empire, north San Diego County, Century City and other parts of Los Angeles, Orange San Luis Obispo and Ventura Counties in Southern California.
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