First Trust California Municipal High Income ETF (NASDAQ:FCAL – Get Rating) announced a monthly dividend on Tuesday, February 21st, Zacks reports. Investors of record on Thursday, February 23rd will be paid a dividend of 0.112 per share by the financial services provider on Tuesday, February 28th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Wednesday, February 22nd.

First Trust California Municipal High Income ETF Stock Down 0.2 %

Shares of First Trust California Municipal High Income ETF stock opened at $48.60 on Thursday. The stock has a market capitalization of $106.92 million, a P/E ratio of 127.89 and a beta of 0.13. The company has a 50-day simple moving average of $49.11 and a 200 day simple moving average of $48.37. First Trust California Municipal High Income ETF has a 12-month low of $46.15 and a 12-month high of $52.92.

Institutional Investors Weigh In On First Trust California Municipal High Income ETF

A number of hedge funds have recently made changes to their positions in FCAL. Jane Street Group LLC grew its holdings in First Trust California Municipal High Income ETF by 256.3% during the 1st quarter. Jane Street Group LLC now owns 79,556 shares of the financial services provider's stock worth $4,053,000 after acquiring an additional 57,230 shares during the last quarter. UBS Group AG bought a new stake in First Trust California Municipal High Income ETF during the 2nd quarter worth about $40,000. Royal Bank of Canada grew its holdings in First Trust California Municipal High Income ETF by 8.1% during the 3rd quarter. Royal Bank of Canada now owns 46,733 shares of the financial services provider's stock worth $2,188,000 after acquiring an additional 3,514 shares during the last quarter. Citadel Advisors LLC bought a new stake in First Trust California Municipal High Income ETF during the 3rd quarter worth about $1,180,000. Finally, Mariner LLC bought a new stake in First Trust California Municipal High Income ETF during the 4th quarter worth about $563,000. Institutional investors and hedge funds 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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