Commonwealth Equity Services LLC Acquires 969 Shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL)

Commonwealth Equity Services LLC increased its stake in First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 5.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,395 shares of the financial services provider’s stock after acquiring an additional 969 shares during the quarter. Commonwealth Equity Services LLC owned 0.37% of First Trust California Municipal High Income ETF worth $911,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of FCAL. Towerpoint Wealth LLC boosted its position in shares of First Trust California Municipal High Income ETF by 37.3% during the first quarter. Towerpoint Wealth LLC now owns 8,661 shares of the financial services provider’s stock valued at $430,000 after buying an additional 2,353 shares during the last quarter. Private Advisor Group LLC purchased a new stake in shares of First Trust California Municipal High Income ETF in the fourth quarter valued at about $205,000. Harbour Investments Inc. boosted its holdings in First Trust California Municipal High Income ETF by 7.5% during the second quarter. Harbour Investments Inc. now owns 6,708 shares of the financial services provider’s stock worth $332,000 after purchasing an additional 466 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in First Trust California Municipal High Income ETF in the 4th quarter valued at about $308,000. Finally, Cetera Investment Advisers lifted its position in shares of First Trust California Municipal High Income ETF by 34.3% during the 1st quarter. Cetera Investment Advisers now owns 36,476 shares of the financial services provider’s stock worth $1,811,000 after buying an additional 9,314 shares in the last quarter. Institutional investors and hedge funds own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Trading Down 0.1 %

Shares of FCAL opened at $50.34 on Wednesday. The stock has a 50 day moving average of $49.92 and a 200 day moving average of $49.61. First Trust California Municipal High Income ETF has a 12 month low of $46.30 and a 12 month high of $51.97. The company has a market capitalization of $249.16 million, a price-to-earnings ratio of 132.63 and a beta of 0.15.

First Trust California Municipal High Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were issued a $0.1235 dividend. This is an increase from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.12. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date was Wednesday, August 21st. First Trust California Municipal High Income ETF’s payout ratio is 376.32%.

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.