First Trust California Municipal High Income ETF (NASDAQ:FCAL) Stock Passes Above 200 Day Moving Average of $49.19

Shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $49.19 and traded as high as $49.51. First Trust California Municipal High Income ETF shares last traded at $49.50, with a volume of 14,790 shares changing hands.

First Trust California Municipal High Income ETF Stock Up 0.4 %

The stock has a market cap of $217.80 million, a PE ratio of 130.26 and a beta of 0.07. The firm has a 50-day simple moving average of $49.49 and a 200-day simple moving average of $49.19.

First Trust California Municipal High Income ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 24th were paid a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, April 23rd. This represents a $1.44 annualized dividend and a yield of 2.91%. First Trust California Municipal High Income ETF’s dividend payout ratio is currently 365.79%.

Institutional Investors Weigh In On First Trust California Municipal High Income ETF

Several hedge funds and other institutional investors have recently modified their holdings of FCAL. Signature Estate & Investment Advisors LLC purchased a new position in First Trust California Municipal High Income ETF during the fourth quarter valued at approximately $200,000. Johnson Bixby & Associates LLC bought a new position in First Trust California Municipal High Income ETF in the 1st quarter valued at $200,000. Private Advisor Group LLC purchased a new position in shares of First Trust California Municipal High Income ETF during the 4th quarter valued at $205,000. Cypress Wealth Services LLC bought a new position in shares of First Trust California Municipal High Income ETF in the fourth quarter worth $212,000. Finally, Advisor Resource Council purchased a new stake in shares of First Trust California Municipal High Income ETF in the fourth quarter worth $213,000. 54.39% of the stock is currently owned by institutional investors.

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.