First Trust California Municipal High Income ETF (NASDAQ:FCAL) Shares Acquired by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC grew its position in First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 5.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,368 shares of the financial services provider’s stock after acquiring an additional 268 shares during the quarter. Steward Partners Investment Advisory LLC owned about 0.10% of First Trust California Municipal High Income ETF worth $265,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Miracle Mile Advisors LLC raised its stake in shares of First Trust California Municipal High Income ETF by 6.4% during the fourth quarter. Miracle Mile Advisors LLC now owns 1,909,177 shares of the financial services provider’s stock worth $94,256,000 after purchasing an additional 114,040 shares during the last quarter. Atomi Financial Group Inc. purchased a new stake in shares of First Trust California Municipal High Income ETF during the fourth quarter worth approximately $1,741,000. Rockefeller Capital Management L.P. purchased a new stake in shares of First Trust California Municipal High Income ETF during the third quarter worth approximately $1,004,000. Ignite Planners LLC raised its stake in shares of First Trust California Municipal High Income ETF by 47.4% during the fourth quarter. Ignite Planners LLC now owns 46,136 shares of the financial services provider’s stock worth $2,279,000 after purchasing an additional 14,833 shares during the last quarter. Finally, Townsquare Capital LLC purchased a new stake in shares of First Trust California Municipal High Income ETF during the third quarter worth approximately $406,000. 54.39% of the stock is owned by institutional investors and hedge funds.

First Trust California Municipal High Income ETF Price Performance

First Trust California Municipal High Income ETF stock opened at $49.15 on Friday. First Trust California Municipal High Income ETF has a 12 month low of $48.26 and a 12 month high of $50.54. The business has a 50 day simple moving average of $49.36 and a 200-day simple moving average of $49.73. The stock has a market capitalization of $270.33 million, a PE ratio of 129.34 and a beta of 0.15.

First Trust California Municipal High Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a $0.129 dividend. This is a boost from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.13. The ex-dividend date was Friday, February 21st. This represents a $1.55 annualized dividend and a yield of 3.15%. First Trust California Municipal High Income ETF’s dividend payout ratio is presently 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.