Compass Financial Management LLC Buys New Holdings in First Trust California Municipal High Income ETF $FCAL

Compass Financial Management LLC purchased a new position in First Trust California Municipal High Income ETF (NASDAQ:FCAL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 51,485 shares of the financial services provider’s stock, valued at approximately $2,556,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC raised its holdings in shares of First Trust California Municipal High Income ETF by 2.6% in the 4th quarter. LPL Financial LLC now owns 872,810 shares of the financial services provider’s stock valued at $43,036,000 after purchasing an additional 22,277 shares in the last quarter. NewEdge Advisors LLC raised its stake in First Trust California Municipal High Income ETF by 4,304.3% in the fourth quarter. NewEdge Advisors LLC now owns 314,073 shares of the financial services provider’s stock valued at $15,486,000 after buying an additional 306,942 shares in the last quarter. Royal Bank of Canada lifted its holdings in First Trust California Municipal High Income ETF by 2.4% during the 1st quarter. Royal Bank of Canada now owns 130,218 shares of the financial services provider’s stock worth $6,321,000 after buying an additional 3,039 shares during the last quarter. Citizens Business Bank acquired a new position in shares of First Trust California Municipal High Income ETF during the 1st quarter worth about $5,809,000. Finally, Jane Street Group LLC increased its holdings in shares of First Trust California Municipal High Income ETF by 171.0% in the 2nd quarter. Jane Street Group LLC now owns 88,954 shares of the financial services provider’s stock valued at $4,267,000 after acquiring an additional 56,132 shares during the last quarter. Institutional investors and hedge funds own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Stock Performance

FCAL opened at $48.49 on Tuesday. First Trust California Municipal High Income ETF has a one year low of $47.60 and a one year high of $50.13. The company has a market cap of $218.21 million, a P/E ratio of 127.61 and a beta of 0.25. The business’s 50-day simple moving average is $49.17 and its 200-day simple moving average is $49.34.

First Trust California Municipal High Income ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 21st will be paid a $0.144 dividend. This is an increase from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, August 21st. First Trust California Municipal High Income ETF’s payout ratio is currently 439.47%.

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.