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

First Trust California Municipal High Income ETF (NASDAQ:FCAL) declared a monthly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Investors of record on Thursday, June 25th will be paid a dividend of 0.143 per share by the financial services provider on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Thursday, June 25th.

First Trust California Municipal High Income ETF Stock Performance

FCAL stock traded down $0.07 during trading on Thursday, reaching $49.58. The company had a trading volume of 20,387 shares, compared to its average volume of 20,952. The firm has a 50-day simple moving average of $49.38 and a 200-day simple moving average of $49.42. The company has a market cap of $210.72 million, a price-to-earnings ratio of 130.47 and a beta of 0.26. First Trust California Municipal High Income ETF has a twelve month low of $47.35 and a twelve month high of $50.13.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC raised its stake in shares of 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 valued at $944,000 after buying an additional 225 shares during the last quarter. Integral Investment Advisors Inc. grew its holdings in First Trust California Municipal High Income ETF by 0.8% during the first quarter. Integral Investment Advisors Inc. now owns 32,755 shares of the financial services provider’s stock worth $1,601,000 after acquiring an additional 250 shares during the period. Kingswood Wealth Advisors LLC grew its stake in shares of First Trust California Municipal High Income ETF by 6.7% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 5,539 shares of the financial services provider’s stock worth $273,000 after purchasing an additional 350 shares during the period. Entruity Wealth LLC increased its holdings in 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 valued at $1,040,000 after buying an additional 366 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of First Trust California Municipal High Income ETF by 6.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,044 shares of the financial services provider’s stock valued at $298,000 after purchasing an additional 389 shares in the last quarter. Hedge funds and other institutional investors own 54.39% of the company’s stock.

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.