Atria Wealth Solutions Inc. Makes New Investment in First Trust California Municipal High Income ETF (NASDAQ:FCAL)

Atria Wealth Solutions Inc. bought a new stake in First Trust California Municipal High Income ETF (NASDAQ:FCAL) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,222 shares of the financial services provider’s stock, valued at approximately $302,000. Atria Wealth Solutions Inc. owned approximately 0.11% of First Trust California Municipal High Income ETF as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of FCAL. Ameriflex Group Inc. bought a new position in shares of First Trust California Municipal High Income ETF in the fourth quarter valued at approximately $76,000. Rossby Financial LCC purchased a new stake in shares of First Trust California Municipal High Income ETF during the first quarter worth $145,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of First Trust California Municipal High Income ETF during the first quarter worth $200,000. CLG LLC purchased a new stake in shares of First Trust California Municipal High Income ETF in the first quarter worth $211,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in shares of First Trust California Municipal High Income ETF in the first quarter worth $221,000. 54.39% of the stock is owned by institutional investors.

First Trust California Municipal High Income ETF Stock Performance

Shares of FCAL stock opened at $47.81 on Friday. First Trust California Municipal High Income ETF has a 52-week low of $46.44 and a 52-week high of $50.54. The company has a market capitalization of $198.39 million, a PE ratio of 125.80 and a beta of 0.15. The business’s fifty day moving average is $47.80 and its 200 day moving average is $48.34.

First Trust California Municipal High Income ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 22nd were given a dividend of $0.132 per share. The ex-dividend date was Tuesday, July 22nd. This represents a c) dividend on an annualized basis and a yield of 3.3%. First Trust California Municipal High Income ETF’s dividend payout ratio (DPR) is presently 405.26%.

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.