First Trust California Municipal High Income ETF $FCAL Stock: Vaquero Private Wealth Ltd. Cuts Stake

Vaquero Private Wealth Ltd. trimmed its stake in shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 96.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 5,050 shares of the financial services provider’s stock after selling 131,822 shares during the quarter. Vaquero Private Wealth Ltd. owned about 0.11% of First Trust California Municipal High Income ETF worth $233,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Smith Chas P & Associates PA Cpas bought a new position in shares of First Trust California Municipal High Income ETF in the second quarter worth $117,872,000. NewEdge Advisors LLC raised its stake in First Trust California Municipal High Income ETF by 31,414.1% in the second quarter. NewEdge Advisors LLC now owns 2,275,951 shares of the financial services provider’s stock valued at $113,006,000 after purchasing an additional 2,268,729 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in First Trust California Municipal High Income ETF by 31,398.2% during the second quarter. Envestnet Asset Management Inc. now owns 1,700,588 shares of the financial services provider’s stock worth $84,438,000 after purchasing an additional 1,695,189 shares during the period. Baird Financial Group Inc. bought a new stake in First Trust California Municipal High Income ETF during the second quarter worth about $23,377,000. Finally, Citizens Business Bank bought a new stake in First Trust California Municipal High Income ETF during the first quarter worth about $5,809,000. 54.39% of the stock is owned by institutional investors and hedge funds.

First Trust California Municipal High Income ETF Stock Down 0.1%

Shares of First Trust California Municipal High Income ETF stock opened at $47.44 on Thursday. The company has a market capitalization of $211.11 million, a price-to-earnings ratio of 124.84 and a beta of 0.26. First Trust California Municipal High Income ETF has a 12-month low of $45.78 and a 12-month high of $50.13. The firm’s 50-day moving average price is $47.26 and its two-hundred day moving average price is $48.85.

First Trust California Municipal High Income ETF Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 21st will be given a $0.1450 dividend. The ex-dividend date is Wednesday, October 21st. This represents a $1.74 annualized dividend and a dividend yield of 3.7%. First Trust California Municipal High Income ETF’s payout ratio is presently 444.74%.

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.