Mutual Advisors LLC lifted its stake in First Trust California Municipal High Income ETF (NASDAQ:FCAL – Get Rating) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,678 shares of the financial services provider's stock after purchasing an additional 404 shares during the quarter. Mutual Advisors LLC owned about 1.33% of First Trust California Municipal High Income ETF worth $1,388,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UBS Group AG bought a new stake in First Trust California Municipal High Income ETF during the 2nd quarter valued at $40,000. WCG Wealth Advisors LLC purchased a new position in First Trust California Municipal High Income ETF during the 2nd quarter worth $309,000. KCS Wealth Advisory grew its stake in First Trust California Municipal High Income ETF by 47.9% during the 3rd quarter. KCS Wealth Advisory now owns 7,194 shares of the financial services provider's stock worth $337,000 after buying an additional 2,331 shares during the last quarter. TriaGen Wealth Management LLC purchased a new position in First Trust California Municipal High Income ETF during the 3rd quarter worth $453,000. Finally, Flow Traders U.S. LLC purchased a new position in First Trust California Municipal High Income ETF during the 3rd quarter worth $528,000. Hedge funds and other institutional investors own 54.39% of the company's stock.

First Trust California Municipal High Income ETF Stock Performance

First Trust California Municipal High Income ETF stock opened at $49.13 on Thursday. The business's 50-day simple moving average is $49.15 and its two-hundred day simple moving average is $48.30. The company has a market cap of $108.09 million, a PE ratio of 129.29 and a beta of 0.13. First Trust California Municipal High Income ETF has a fifty-two week low of $46.15 and a fifty-two week high of $51.61.

First Trust California Municipal High Income ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, February 28th. Stockholders of record on Thursday, February 23rd were paid a $0.112 dividend. The ex-dividend date of this dividend was Wednesday, February 22nd. This represents a $1.34 dividend on an annualized basis and a dividend yield of 2.74%. First Trust California Municipal High Income ETF's payout ratio is 313.16%.

First Trust California Municipal High Income ETF Company Profile

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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.

Further Reading

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