Integral Investment Advisors Inc. Sells 850 Shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL)

Integral Investment Advisors Inc. lessened its holdings in shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 3.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 25,547 shares of the financial services provider’s stock after selling 850 shares during the period. Integral Investment Advisors Inc.’s holdings in First Trust California Municipal High Income ETF were worth $1,261,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of FCAL. Wealth Enhancement Advisory Services LLC grew its position in First Trust California Municipal High Income ETF by 37.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,606 shares of the financial services provider’s stock worth $331,000 after buying an additional 1,783 shares in the last quarter. Twin Peaks Wealth Advisors LLC lifted its stake in shares of First Trust California Municipal High Income ETF by 5.2% in the 3rd quarter. Twin Peaks Wealth Advisors LLC now owns 13,639 shares of the financial services provider’s stock valued at $684,000 after acquiring an additional 680 shares during the last quarter. Running Point Capital Advisors LLC raised its holdings in First Trust California Municipal High Income ETF by 0.8% during the 3rd quarter. Running Point Capital Advisors LLC now owns 31,348 shares of the financial services provider’s stock valued at $1,573,000 after buying an additional 255 shares during the last quarter. Townsquare Capital LLC bought a new position in First Trust California Municipal High Income ETF during the 3rd quarter valued at approximately $406,000. Finally, CreativeOne Wealth LLC bought a new position in shares of First Trust California Municipal High Income ETF during the third quarter valued at approximately $278,000. 54.39% of the stock is owned by institutional investors.

First Trust California Municipal High Income ETF Price Performance

FCAL stock opened at $49.31 on Friday. The firm has a 50-day moving average of $49.33 and a 200 day moving average of $49.77. The company has a market cap of $271.21 million, a P/E ratio of 129.76 and a beta of 0.15. First Trust California Municipal High Income ETF has a 1 year low of $48.26 and a 1 year high of $50.54.

First Trust California Municipal High Income ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be given a dividend of $0.129 per share. The ex-dividend date is Friday, February 21st. This represents a $1.55 annualized dividend and a dividend yield of 3.14%. This is an increase from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.13. First Trust California Municipal High Income ETF’s dividend payout ratio (DPR) is 392.11%.

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.