Diversified Portfolios Inc. Takes $210,000 Position in First Trust California Municipal High Income ETF $FCAL

Diversified Portfolios Inc. acquired a new stake in shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,385 shares of the financial services provider’s stock, valued at approximately $210,000.

A number of other large investors also recently bought and sold shares of FCAL. Clifford Swan Investment Counsel LLC bought a new stake in First Trust California Municipal High Income ETF during the 1st quarter valued at $530,000. Cetera Investment Advisers lifted its stake in shares of First Trust California Municipal High Income ETF by 6.9% during the 1st quarter. Cetera Investment Advisers now owns 56,000 shares of the financial services provider’s stock worth $2,718,000 after purchasing an additional 3,612 shares during the last quarter. Atria Wealth Solutions Inc. bought a new stake in First Trust California Municipal High Income ETF during the first quarter valued at about $302,000. Integrity Financial Corp WA bought a new stake in First Trust California Municipal High Income ETF during the first quarter valued at about $230,000. Finally, HighTower Advisors LLC grew its stake in First Trust California Municipal High Income ETF by 6.9% in the first quarter. HighTower Advisors LLC now owns 22,206 shares of the financial services provider’s stock valued at $1,078,000 after purchasing an additional 1,433 shares during the last quarter. Institutional investors own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Stock Performance

FCAL stock opened at $49.49 on Wednesday. First Trust California Municipal High Income ETF has a one year low of $46.44 and a one year high of $50.54. The firm has a market cap of $190.52 million, a price-to-earnings ratio of 130.22 and a beta of 0.25. The firm has a 50-day simple moving average of $49.11 and a two-hundred day simple moving average of $48.30.

First Trust California Municipal High Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, October 21st were paid a dividend of $0.135 per share. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Tuesday, October 21st. First Trust California Municipal High Income ETF’s payout ratio is 447.37%.

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.