HighTower Advisors LLC Buys 5,085 Shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL)

HighTower Advisors LLC increased its stake in First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 32.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,773 shares of the financial services provider’s stock after buying an additional 5,085 shares during the period. HighTower Advisors LLC owned 0.38% of First Trust California Municipal High Income ETF worth $1,026,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FCAL. Miracle Mile Advisors LLC grew its holdings in shares of First Trust California Municipal High Income ETF by 6.4% during the 4th quarter. Miracle Mile Advisors LLC now owns 1,909,177 shares of the financial services provider’s stock worth $94,256,000 after acquiring an additional 114,040 shares during the period. Ignite Planners LLC boosted its position 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 valued at $2,279,000 after purchasing an additional 14,833 shares in the last quarter. Channel Wealth LLC boosted its position in shares of First Trust California Municipal High Income ETF by 3.1% during the fourth quarter. Channel Wealth LLC now owns 38,320 shares of the financial services provider’s stock valued at $1,892,000 after purchasing an additional 1,157 shares in the last quarter. Atomi Financial Group Inc. purchased a new stake in First Trust California Municipal High Income ETF in the fourth quarter worth $1,741,000. Finally, Magnus Financial Group LLC raised its holdings in First Trust California Municipal High Income ETF by 3.3% in the fourth quarter. Magnus Financial Group LLC now owns 31,286 shares of the financial services provider’s stock worth $1,545,000 after purchasing an additional 1,001 shares in the last quarter. 54.39% of the stock is currently owned by hedge funds and other institutional investors.

First Trust California Municipal High Income ETF Trading Down 0.5 %

Shares of First Trust California Municipal High Income ETF stock opened at $48.79 on Thursday. The business has a fifty day simple moving average of $49.34 and a two-hundred day simple moving average of $49.67. The firm has a market capitalization of $268.35 million, a P/E ratio of 128.39 and a beta of 0.15. First Trust California Municipal High Income ETF has a 12 month low of $48.26 and a 12 month high of $50.54.

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 issued a $0.129 dividend. This represents a $1.55 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend 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 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.