6,000 Shares in First Trust California Municipal High Income ETF (NASDAQ:FCAL) Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC bought a new position in First Trust California Municipal High Income ETF (NASDAQ:FCAL) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 6,000 shares of the financial services provider’s stock, valued at approximately $296,000. Farther Finance Advisors LLC owned approximately 0.11% of First Trust California Municipal High Income ETF at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new position in First Trust California Municipal High Income ETF in the 3rd quarter worth about $124,000. Private Advisor Group LLC grew its stake in First Trust California Municipal High Income ETF by 22.2% in the 4th quarter. Private Advisor Group LLC now owns 5,106 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 929 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in First Trust California Municipal High Income ETF by 5.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,368 shares of the financial services provider’s stock worth $265,000 after acquiring an additional 268 shares in the last quarter. CreativeOne Wealth LLC bought a new position in First Trust California Municipal High Income ETF in the 3rd quarter worth about $278,000. Finally, Guild Investment Management Inc. bought a new position in First Trust California Municipal High Income ETF in the 4th quarter worth about $296,000. 54.39% of the stock is currently owned by institutional investors.

First Trust California Municipal High Income ETF Price Performance

Shares of FCAL stock opened at $49.01 on Wednesday. The company has a market capitalization of $269.56 million, a P/E ratio of 128.97 and a beta of 0.15. The company’s 50-day simple moving average is $49.34 and its two-hundred day simple moving average is $49.71. First Trust California Municipal High Income ETF has a one year low of $48.26 and a one year high of $50.54.

First Trust California Municipal High Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a $0.129 dividend. This represents a $1.55 annualized dividend and a dividend yield of 3.16%. The ex-dividend date was Friday, February 21st. This is a boost from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.13. First Trust California Municipal High Income ETF’s dividend payout ratio is presently 392.11%.

First Trust California Municipal High Income ETF Profile

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.