Channel Wealth LLC Acquires 12,393 Shares of First Trust California Municipal High Income ETF $FCAL

Channel Wealth LLC raised its holdings in First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 56.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,509 shares of the financial services provider’s stock after buying an additional 12,393 shares during the period. Channel Wealth LLC’s holdings in First Trust California Municipal High Income ETF were worth $1,702,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Entruity Wealth LLC lifted its stake in shares of First Trust California Municipal High Income ETF by 1.1% in the third quarter. Entruity Wealth LLC now owns 20,735 shares of the financial services provider’s stock valued at $1,011,000 after buying an additional 218 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of First Trust California Municipal High Income ETF by 5.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,655 shares of the financial services provider’s stock valued at $277,000 after purchasing an additional 279 shares in the last quarter. Integrity Financial Corp WA lifted its holdings in shares of First Trust California Municipal High Income ETF by 6.6% in the third quarter. Integrity Financial Corp WA now owns 5,055 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 313 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its holdings in shares of First Trust California Municipal High Income ETF by 6.7% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 5,539 shares of the financial services provider’s stock valued at $273,000 after purchasing an additional 350 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of First Trust California Municipal High Income ETF by 14.7% in the third quarter. Envestnet Asset Management Inc. now owns 6,177 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 791 shares in the last quarter. 54.39% of the stock is owned by institutional investors.

First Trust California Municipal High Income ETF Stock Down 0.1%

FCAL stock opened at $49.45 on Friday. First Trust California Municipal High Income ETF has a twelve month low of $47.35 and a twelve month high of $50.13. The stock’s 50 day moving average is $49.38 and its 200-day moving average is $49.42. The firm has a market capitalization of $210.16 million, a PE ratio of 130.13 and a beta of 0.26.

First Trust California Municipal High Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, April 21st were given a dividend of $0.142 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Tuesday, April 21st. First Trust California Municipal High Income ETF’s dividend payout ratio (DPR) is presently 428.95%.

First Trust California Municipal High Income ETF 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.