Private Advisor Group LLC Boosts Holdings in First Trust California Municipal High Income ETF (NASDAQ:FCAL)

Private Advisor Group LLC lifted its stake in First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 22.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,106 shares of the financial services provider’s stock after buying an additional 929 shares during the period. Private Advisor Group LLC owned approximately 0.09% of First Trust California Municipal High Income ETF worth $252,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of FCAL. JPMorgan Chase & Co. purchased a new position in First Trust California Municipal High Income ETF during the 3rd quarter worth $124,000. CreativeOne Wealth LLC purchased a new position in First Trust California Municipal High Income ETF during the 3rd quarter worth $278,000. Wealth Enhancement Advisory Services LLC grew its position in First Trust California Municipal High Income ETF by 37.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,606 shares of the financial services provider’s stock worth $331,000 after purchasing an additional 1,783 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new position in First Trust California Municipal High Income ETF during the 4th quarter worth $357,000. Finally, Townsquare Capital LLC acquired a new stake in shares of First Trust California Municipal High Income ETF in the 3rd quarter worth $406,000. 54.39% of the stock is owned by hedge funds and other institutional investors.

First Trust California Municipal High Income ETF Stock Performance

FCAL stock opened at $49.41 on Friday. First Trust California Municipal High Income ETF has a one year low of $48.26 and a one year high of $50.54. The stock has a market capitalization of $271.76 million, a PE ratio of 130.03 and a beta of 0.15. The company has a fifty day moving average of $49.36 and a 200-day moving average of $49.75.

First Trust California Municipal High Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a $0.129 dividend. This represents a $1.55 annualized dividend and a dividend yield of 3.13%. 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 (DPR) is 392.11%.

First Trust California Municipal High Income ETF Company 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.