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 $48.35 and traded as high as $49.84. First Trust California Municipal High Income ETF shares last traded at $49.53, with a volume of 15,205 shares.

First Trust California Municipal High Income ETF Trading Up 0.5 %

The business's 50 day moving average is $49.08 and its 200 day moving average is $48.35. The stock has a market capitalization of $121.35 million, a PE ratio of 130.34 and a beta of 0.15.

First Trust California Municipal High Income ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, March 31st. Investors of record on Monday, March 27th were paid a dividend of $0.112 per share. The ex-dividend date of this dividend was Friday, March 24th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 2.71%. First Trust California Municipal High Income ETF's dividend payout ratio is presently 318.42%.

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

A number of large investors have recently made changes to their positions in the company. Jane Street Group LLC boosted its position in First Trust California Municipal High Income ETF by 712.7% in the 4th quarter. Jane Street Group LLC now owns 104,535 shares of the financial services provider's stock valued at $5,058,000 after buying an additional 91,672 shares during the period. Citizens Business Bank purchased a new stake in First Trust California Municipal High Income ETF in the 3rd quarter valued at about $3,838,000. Miracle Mile Advisors LLC boosted its position in First Trust California Municipal High Income ETF by 10.0% in the 3rd quarter. Miracle Mile Advisors LLC now owns 498,854 shares of the financial services provider's stock valued at $23,356,000 after buying an additional 45,211 shares during the period. LPL Financial LLC boosted its position in First Trust California Municipal High Income ETF by 14.7% in the 4th quarter. LPL Financial LLC now owns 227,283 shares of the financial services provider's stock valued at $10,998,000 after buying an additional 29,168 shares during the period. Finally, Magnus Financial Group LLC purchased a new stake in First Trust California Municipal High Income ETF in the 4th quarter valued at about $1,360,000. 54.39% of the stock is owned by hedge funds and other institutional investors.

About First Trust California Municipal High Income ETF

(Get Rating)

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.

Read More

• Get a free copy of the StockNews.com research report on First Trust California Municipal High Income ETF (FCAL)
• Penny Stock Wag! Group Co. Has Solid Sell-Side Support
• Staples Stocks Get Lift From Conagra Results, New Highs In Sight
• SGH Bottomed, But Can It Reverse And Move Higher?
• Is Pinterest Showing Signs of an Improving Ad Market?
• At 3x Earnings, Avis Budget Is Worth Taking for a Spin

Receive News & Ratings for First Trust California Municipal High Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust California Municipal High Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.