First Trust California Municipal High Income ETF (NASDAQ:FCAL) Shares Sold by Flagstar Advisors Inc.

Flagstar Advisors Inc. cut its stake in First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 75.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,755 shares of the financial services provider’s stock after selling 14,834 shares during the quarter. Flagstar Advisors Inc. owned about 0.09% of First Trust California Municipal High Income ETF worth $239,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of FCAL. Cetera Investment Advisers increased its holdings in shares of First Trust California Municipal High Income ETF by 34.3% during the 1st quarter. Cetera Investment Advisers now owns 36,476 shares of the financial services provider’s stock worth $1,811,000 after buying an additional 9,314 shares during the last quarter. Southland Equity Partners LLC grew its holdings in shares of First Trust California Municipal High Income ETF by 27.0% during the 2nd quarter. Southland Equity Partners LLC now owns 71,344 shares of the financial services provider’s stock worth $3,533,000 after purchasing an additional 15,173 shares during the period. Ignite Planners LLC acquired a new stake in shares of First Trust California Municipal High Income ETF during the 2nd quarter worth about $1,534,000. Miracle Mile Advisors LLC raised its holdings in First Trust California Municipal High Income ETF by 29.1% in the 2nd quarter. Miracle Mile Advisors LLC now owns 1,717,241 shares of the financial services provider’s stock valued at $85,038,000 after buying an additional 386,980 shares during the period. Finally, Harbour Investments Inc. lifted its holdings in shares of First Trust California Municipal High Income ETF by 7.5% in the 2nd quarter. Harbour Investments Inc. now owns 6,708 shares of the financial services provider’s stock worth $332,000 after acquiring an additional 466 shares during the last quarter. 54.39% of the stock is owned by institutional investors and hedge funds.

First Trust California Municipal High Income ETF Price Performance

Shares of First Trust California Municipal High Income ETF stock opened at $49.74 on Friday. The stock has a market capitalization of $261.14 million, a price-to-earnings ratio of 130.89 and a beta of 0.15. The business has a 50-day moving average of $49.94 and a 200 day moving average of $49.77. First Trust California Municipal High Income ETF has a 12 month low of $47.43 and a 12 month high of $51.97.

First Trust California Municipal High Income ETF Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be issued a $0.1275 dividend. The ex-dividend date is Thursday, November 21st. This represents a $1.53 dividend on an annualized basis and a yield of 3.08%. First Trust California Municipal High Income ETF’s dividend payout ratio (DPR) is presently 381.58%.

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.