Navigation Group LLC Buys New Shares in First Trust California Municipal High Income ETF $FCAL

Navigation Group LLC bought a new position in shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 29,536 shares of the financial services provider’s stock, valued at approximately $1,444,000. Navigation Group LLC owned approximately 0.69% of First Trust California Municipal High Income ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its position in shares of First Trust California Municipal High Income ETF by 4,304.3% in the 4th quarter. NewEdge Advisors LLC now owns 314,073 shares of the financial services provider’s stock worth $15,486,000 after acquiring an additional 306,942 shares during the period. Citizens Business Bank acquired a new stake in shares of First Trust California Municipal High Income ETF during the 1st quarter worth approximately $5,809,000. Jane Street Group LLC increased its position in shares of First Trust California Municipal High Income ETF by 171.0% during the second quarter. Jane Street Group LLC now owns 88,954 shares of the financial services provider’s stock valued at $4,267,000 after purchasing an additional 56,132 shares during the period. Rockefeller Capital Management L.P. increased its position in shares of First Trust California Municipal High Income ETF by 234.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 66,971 shares of the financial services provider’s stock valued at $3,302,000 after purchasing an additional 46,971 shares during the period. Finally, LPL Financial LLC raised its stake in shares of First Trust California Municipal High Income ETF by 2.6% in the fourth 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. 54.39% of the stock is currently owned by institutional investors.

First Trust California Municipal High Income ETF Price Performance

Shares of FCAL stock opened at $49.44 on Thursday. The stock has a market cap of $222.48 million, a P/E ratio of 130.11 and a beta of 0.25. First Trust California Municipal High Income ETF has a one year low of $47.35 and a one year high of $50.13. The stock has a fifty day moving average price of $49.43 and a 200 day moving average price of $49.47.

First Trust California Municipal High Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.143 dividend. The ex-dividend date was Thursday, June 25th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. First Trust California Municipal High Income ETF’s dividend payout ratio is currently 434.21%.

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.