First Trust California Municipal High Income ETF (NASDAQ:FCAL) Announces Dividend Increase – $0.14 Per Share

First Trust California Municipal High Income ETF (NASDAQ:FCAL) announced a monthly dividend on Wednesday, May 20th, NASDAQ Dividends reports. Investors of record on Thursday, May 21st will be given a dividend of 0.143 per share by the financial services provider on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Thursday, May 21st. This is a 0.7% increase from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.14.

First Trust California Municipal High Income ETF Stock Down 0.4%

Shares of NASDAQ:FCAL traded down $0.19 during midday trading on Thursday, reaching $48.84. The company had a trading volume of 33,196 shares, compared to its average volume of 22,129. The business’s 50 day moving average price is $49.27 and its 200 day moving average price is $49.42. The stock has a market cap of $207.57 million, a PE ratio of 128.53 and a beta of 0.26. First Trust California Municipal High Income ETF has a 1-year low of $47.35 and a 1-year high of $50.13.

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

Institutional investors have recently added to or reduced their stakes in the company. Entruity Wealth LLC raised its position in First Trust California Municipal High Income ETF by 1.1% during the third quarter. Entruity Wealth LLC now owns 20,735 shares of the financial services provider’s stock worth $1,011,000 after acquiring an additional 218 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in First Trust California Municipal High Income ETF by 1.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 19,146 shares of the financial services provider’s stock valued at $944,000 after acquiring an additional 225 shares during the last quarter. Integral Investment Advisors Inc. lifted its stake in First Trust California Municipal High Income ETF by 0.8% in the first quarter. Integral Investment Advisors Inc. now owns 32,755 shares of the financial services provider’s stock valued at $1,601,000 after acquiring an additional 250 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in First Trust California Municipal High Income ETF by 5.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,655 shares of the financial services provider’s stock valued at $277,000 after acquiring an additional 279 shares during the last quarter. Finally, Integrity Financial Corp WA lifted its stake in First Trust California Municipal High Income ETF by 6.6% in the third quarter. Integrity Financial Corp WA now owns 5,055 shares of the financial services provider’s stock valued at $247,000 after acquiring an additional 313 shares during the last quarter. 54.39% of the stock is currently owned by institutional investors and hedge funds.

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.