Compass Financial Management LLC Invests $2.56 Million in First Trust California Municipal High Income ETF $FCAL

Compass Financial Management LLC acquired a new stake in First Trust California Municipal High Income ETF (NASDAQ:FCAL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 51,485 shares of the financial services provider’s stock, valued at approximately $2,556,000. Compass Financial Management LLC owned 1.14% of First Trust California Municipal High Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in FCAL. Commonwealth Equity Services LLC increased its stake in First Trust California Municipal High Income ETF by 1.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 19,146 shares of the financial services provider’s stock worth $944,000 after buying an additional 225 shares during the period. Integral Investment Advisors Inc. boosted its position in First Trust California Municipal High Income ETF by 0.8% in the 1st quarter. Integral Investment Advisors Inc. now owns 32,755 shares of the financial services provider’s stock valued at $1,601,000 after buying an additional 250 shares during the period. Kingswood Wealth Advisors LLC boosted its position in First Trust California Municipal High Income ETF by 6.7% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 5,539 shares of the financial services provider’s stock valued at $273,000 after buying an additional 350 shares during the period. Entruity Wealth LLC grew its stake in shares of First Trust California Municipal High Income ETF by 1.8% in the fourth quarter. Entruity Wealth LLC now owns 21,101 shares of the financial services provider’s stock worth $1,040,000 after acquiring an additional 366 shares in the last quarter. Finally, Triumph Capital Management acquired a new position in shares of First Trust California Municipal High Income ETF in the second quarter worth $25,000. Institutional investors and hedge funds own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Trading Down 0.1%

Shares of NASDAQ FCAL opened at $48.49 on Tuesday. The stock has a market cap of $218.21 million, a P/E ratio of 127.61 and a beta of 0.25. First Trust California Municipal High Income ETF has a 12-month low of $47.60 and a 12-month high of $50.13. The business’s fifty 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 issued a dividend of $0.144 per share. This is a positive change from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.14. The ex-dividend date is Friday, August 21st. This represents a c) annualized dividend and a yield of 3.6%. First Trust California Municipal High Income ETF’s dividend payout ratio (DPR) 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.