SeaCrest Wealth Management LLC Makes New Investment in First Trust California Municipal High Income ETF (NASDAQ:FCAL)

SeaCrest Wealth Management LLC bought a new position in First Trust California Municipal High Income ETF (NASDAQ:FCAL) in the 1st quarter, Holdings Channel.com reports. The firm bought 4,546 shares of the financial services provider’s stock, valued at approximately $221,000.

Several other hedge funds and other institutional investors have also made changes to their positions in FCAL. Ameriflex Group Inc. purchased a new position in First Trust California Municipal High Income ETF during the fourth quarter worth about $76,000. Private Advisor Group LLC raised its stake in shares of 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 worth $252,000 after buying an additional 929 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of 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 worth $265,000 after buying an additional 268 shares in the last quarter. Guild Investment Management Inc. acquired a new stake in shares of First Trust California Municipal High Income ETF in the 4th quarter valued at approximately $296,000. Finally, Farther Finance Advisors LLC purchased a new stake in shares of First Trust California Municipal High Income ETF in the fourth 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 Price Performance

Shares of FCAL stock opened at $47.82 on Monday. First Trust California Municipal High Income ETF has a 1-year low of $46.44 and a 1-year high of $50.54. The business’s fifty day moving average price is $48.01 and its 200 day moving average price is $48.95. The firm has a market capitalization of $267.79 million, a PE ratio of 125.84 and a beta of 0.15.

First Trust California Municipal High Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, May 30th. Investors of record on Wednesday, May 21st were paid a $0.132 dividend. This represents a $1.58 annualized dividend and a dividend yield of 3.31%. The ex-dividend date was Wednesday, May 21st. First Trust California Municipal High Income ETF’s dividend payout ratio (DPR) is 400.00%.

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.