First Trust California Municipal High Income ETF (NASDAQ:FCAL) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

First Trust California Municipal High Income ETF (NASDAQ:FCAL) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $49.46 and traded as high as $49.66. First Trust California Municipal High Income ETF shares last traded at $49.47, with a volume of 29,309 shares changing hands.

First Trust California Municipal High Income ETF Trading Up 0.0%

The company’s 50-day moving average price is $49.43 and its two-hundred day moving average price is $49.46. The company has a market cap of $222.75 million, a P/E ratio of 130.26 and a beta of 0.25.

First Trust California Municipal High Income ETF Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FCAL. Fifth Third Bancorp acquired a new stake in shares of First Trust California Municipal High Income ETF during the 1st quarter valued at $47,000. Comerica Bank bought a new stake in shares of First Trust California Municipal High Income ETF during the 3rd quarter worth $48,000. Arax Advisory Partners acquired a new position in shares of First Trust California Municipal High Income ETF in the 4th quarter worth $59,000. Kestra Advisory Services LLC acquired a new position in shares of First Trust California Municipal High Income ETF in the 4th quarter worth $70,000. Finally, Rossby Financial LCC acquired a new stake in shares of First Trust California Municipal High Income ETF during the fourth quarter worth $146,000. Institutional investors and hedge funds 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.