Mutual Advisors LLC Acquires 970 Shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL)

Mutual Advisors LLC lifted its stake in First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,613 shares of the financial services provider’s stock after acquiring an additional 970 shares during the period. Mutual Advisors LLC’s holdings in First Trust California Municipal High Income ETF were worth $1,061,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Miracle Mile Advisors LLC boosted its stake in First Trust California Municipal High Income ETF by 6.4% in the 4th quarter. Miracle Mile Advisors LLC now owns 1,909,177 shares of the financial services provider’s stock worth $94,256,000 after purchasing an additional 114,040 shares during the period. Atomi Financial Group Inc. bought a new position in shares of First Trust California Municipal High Income ETF in the fourth quarter valued at approximately $1,741,000. Rockefeller Capital Management L.P. purchased a new position in First Trust California Municipal High Income ETF during the third quarter valued at approximately $1,004,000. Ignite Planners LLC increased its holdings in First Trust California Municipal High Income ETF by 47.4% during the 4th quarter. Ignite Planners LLC now owns 46,136 shares of the financial services provider’s stock worth $2,279,000 after acquiring an additional 14,833 shares during the period. Finally, Blue Zone Wealth Advisors LLC purchased a new stake in First Trust California Municipal High Income ETF in the 3rd quarter worth approximately $742,000. 54.39% of the stock is currently owned by hedge funds and other institutional investors.

First Trust California Municipal High Income ETF Price Performance

FCAL opened at $49.08 on Friday. The firm has a market capitalization of $272.39 million, a P/E ratio of 129.16 and a beta of 0.15. First Trust California Municipal High Income ETF has a one year low of $48.26 and a one year high of $50.54. The company has a fifty day moving average price of $49.62 and a 200-day moving average price of $49.83.

First Trust California Municipal High Income ETF Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be given a dividend of $0.129 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. First Trust California Municipal High Income ETF’s payout ratio is 389.47%.

First Trust California Municipal High Income ETF 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.