48,020 First Trust California Municipal High Income ETF $FCAL Shares Sold by Magnus Financial Group LLC

Magnus Financial Group LLC lowered its holdings in First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 51.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,414 shares of the financial services provider’s stock after selling 48,020 shares during the quarter. Magnus Financial Group LLC owned 1.01% of First Trust California Municipal High Income ETF worth $2,100,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FCAL. Mosley Wealth Management purchased a new position in shares of First Trust California Municipal High Income ETF during the third quarter worth $174,000. Envestnet Portfolio Solutions Inc. purchased a new stake in First Trust California Municipal High Income ETF in the second quarter valued at $1,040,000. Envestnet Asset Management Inc. boosted its holdings in First Trust California Municipal High Income ETF by 31,398.2% in the second quarter. Envestnet Asset Management Inc. now owns 1,700,588 shares of the financial services provider’s stock valued at $84,438,000 after purchasing an additional 1,695,189 shares during the last quarter. Smith Chas P & Associates PA Cpas purchased a new stake in First Trust California Municipal High Income ETF in the second quarter valued at $117,872,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in First Trust California Municipal High Income ETF in the second quarter valued at $2,162,000. Institutional investors and hedge funds own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Stock Performance

Shares of FCAL opened at $46.79 on Thursday. The business’s 50-day moving average is $47.39 and its two-hundred day moving average is $48.62. The company has a market capitalization of $210.56 million, a P/E ratio of 123.13 and a beta of 0.26. First Trust California Municipal High Income ETF has a fifty-two week low of $45.78 and a fifty-two week high of $50.13.

First Trust California Municipal High Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 21st will be issued a $0.1450 dividend. This represents a $1.74 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Wednesday, October 21st. First Trust California Municipal High Income ETF’s payout ratio is 442.11%.

First Trust California Municipal High Income ETF Company 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.