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

First Trust California Municipal High Income ETF (NASDAQ:FCAL) announced a monthly dividend on Monday, July 20th, NASDAQ Dividends reports. Shareholders of record on Tuesday, July 21st will be given a dividend of 0.143 per share by the financial services provider on Friday, July 31st. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, July 21st.

First Trust California Municipal High Income ETF Stock Down 0.2%

NASDAQ FCAL traded down $0.09 during trading on Tuesday, hitting $49.15. The stock had a trading volume of 16,321 shares, compared to its average volume of 20,132. The company has a market capitalization of $221.18 million, a PE ratio of 129.34 and a beta of 0.25. The firm has a 50 day moving average price of $49.42 and a 200 day moving average price of $49.47. First Trust California Municipal High Income ETF has a twelve month low of $47.35 and a twelve month high of $50.13.

Hedge Funds Weigh In On First Trust California Municipal High Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FCAL. Fifth Third Bancorp acquired a new position in First Trust California Municipal High Income ETF during the first quarter valued at $47,000. Comerica Bank bought a new position in First Trust California Municipal High Income ETF during the 3rd quarter worth approximately $48,000. Arax Advisory Partners bought a new position in shares of First Trust California Municipal High Income ETF during the fourth quarter worth about $59,000. Kestra Advisory Services LLC bought a new stake in shares of First Trust California Municipal High Income ETF in the 4th quarter valued at about $70,000. Finally, Rossby Financial LCC bought a new stake in shares of First Trust California Municipal High Income ETF in the fourth quarter valued at about $146,000. 54.39% of the stock is currently owned by institutional investors and hedge funds.

First Trust California Municipal High Income ETF Company 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.