LPL Financial LLC Boosts Stock Holdings in First Trust California Municipal High Income ETF (NASDAQ:FCAL)

LPL Financial LLC raised its stake in First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 760,481 shares of the financial services provider’s stock after acquiring an additional 8,563 shares during the period. LPL Financial LLC owned approximately 0.14% of First Trust California Municipal High Income ETF worth $37,545,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of FCAL. JPMorgan Chase & Co. bought a new stake in shares of First Trust California Municipal High Income ETF in the third quarter worth about $124,000. Private Advisor Group LLC grew its holdings in First Trust California Municipal High Income ETF by 22.2% during the 4th quarter. Private Advisor Group LLC now owns 5,106 shares of the financial services provider’s stock valued at $252,000 after buying an additional 929 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in First Trust California Municipal High Income ETF by 5.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,368 shares of the financial services provider’s stock valued at $265,000 after buying an additional 268 shares in the last quarter. CreativeOne Wealth LLC bought a new stake in First Trust California Municipal High Income ETF in the 3rd quarter worth approximately $278,000. Finally, Guild Investment Management Inc. bought a new position in shares of First Trust California Municipal High Income ETF during the 4th quarter valued at approximately $296,000. Hedge funds and other institutional investors own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Stock Performance

FCAL stock opened at $48.62 on Friday. The firm has a fifty day moving average price of $49.32 and a 200 day moving average price of $49.65. First Trust California Municipal High Income ETF has a fifty-two week low of $48.20 and a fifty-two week high of $50.54. The firm has a market cap of $267.38 million, a PE ratio of 127.93 and a beta of 0.15.

First Trust California Municipal High Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be issued a $0.129 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 3.18%. First Trust California Municipal High Income ETF’s dividend payout ratio (DPR) is presently 360.53%.

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.