LPL Financial LLC Purchases 8,563 Shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL)

LPL Financial LLC raised its holdings in shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 760,481 shares of the financial services provider’s stock after acquiring an additional 8,563 shares during the period. LPL Financial LLC owned about 13.83% of First Trust California Municipal High Income ETF worth $37,545,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in FCAL. JPMorgan Chase & Co. bought a new position in shares of First Trust California Municipal High Income ETF during the 3rd quarter valued at $124,000. Private Advisor Group LLC grew its stake in shares of First Trust California Municipal High Income ETF by 22.2% during the fourth quarter. Private Advisor Group LLC now owns 5,106 shares of the financial services provider’s stock valued at $252,000 after buying an additional 929 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of First Trust California Municipal High Income ETF by 5.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,368 shares of the financial services provider’s stock worth $265,000 after buying an additional 268 shares during the period. CreativeOne Wealth LLC bought a new stake in shares of First Trust California Municipal High Income ETF in the 3rd quarter valued at about $278,000. Finally, Guild Investment Management Inc. purchased a new stake in First Trust California Municipal High Income ETF during the 4th quarter valued at about $296,000. 54.39% of the stock is owned by hedge funds and other institutional investors.

First Trust California Municipal High Income ETF Price Performance

FCAL opened at $48.62 on Friday. First Trust California Municipal High Income ETF has a 1 year low of $48.20 and a 1 year high of $50.54. The stock’s 50 day simple moving average is $49.32 and its 200 day simple moving average is $49.65. The firm has a market cap of $267.38 million, a price-to-earnings ratio of 127.93 and a beta of 0.15.

First Trust California Municipal High Income ETF Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be issued a $0.129 dividend. This represents a $1.55 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Thursday, March 27th. First Trust California Municipal High Income ETF’s dividend payout ratio is 360.53%.

About First Trust California Municipal High Income ETF

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.