First Trust California Municipal High Income ETF (NASDAQ:FCAL) Declares Monthly Dividend of $0.14

First Trust California Municipal High Income ETF (NASDAQ:FCAL) declared a monthly dividend on Wednesday, March 25th, NASDAQ Dividends reports. Investors of record on Thursday, March 26th will be paid a dividend of 0.141 per share by the financial services provider on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Thursday, March 26th.

First Trust California Municipal High Income ETF Trading Down 0.3%

FCAL traded down $0.13 during trading on Thursday, hitting $48.75. 17,860 shares of the company traded hands, compared to its average volume of 19,715. The company has a market cap of $202.31 million, a PE ratio of 128.29 and a beta of 0.25. The stock’s 50-day simple moving average is $49.63 and its two-hundred day simple moving average is $49.34. First Trust California Municipal High Income ETF has a 1 year low of $46.44 and a 1 year high of $50.13.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Entruity Wealth LLC grew its position in shares of First Trust California Municipal High Income ETF by 1.1% during the third quarter. Entruity Wealth LLC now owns 20,735 shares of the financial services provider’s stock valued at $1,011,000 after purchasing an additional 218 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in First Trust California Municipal High Income ETF by 1.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 19,146 shares of the financial services provider’s stock valued at $944,000 after buying an additional 225 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in First Trust California Municipal High Income ETF by 5.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,655 shares of the financial services provider’s stock valued at $277,000 after buying an additional 279 shares in the last quarter. Integrity Financial Corp WA grew its holdings in First Trust California Municipal High Income ETF by 6.6% during the 3rd quarter. Integrity Financial Corp WA now owns 5,055 shares of the financial services provider’s stock valued at $247,000 after buying an additional 313 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC increased its stake in First Trust California Municipal High Income ETF by 6.7% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 5,539 shares of the financial services provider’s stock worth $273,000 after acquiring an additional 350 shares during the last quarter. Institutional investors own 54.39% of the company’s stock.

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.