First Trust California Municipal High Income ETF (NASDAQ:FCAL) Shares Sold by Allworth Financial LP

Allworth Financial LP trimmed its holdings in First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 47.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,380 shares of the financial services provider’s stock after selling 1,242 shares during the quarter. Allworth Financial LP’s holdings in First Trust California Municipal High Income ETF were worth $68,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FCAL. Jane Street Group LLC raised its holdings in shares of First Trust California Municipal High Income ETF by 24.1% in the third quarter. Jane Street Group LLC now owns 28,074 shares of the financial services provider’s stock valued at $1,409,000 after buying an additional 5,447 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of First Trust California Municipal High Income ETF during the third quarter worth approximately $124,000. HighTower Advisors LLC grew its position in First Trust California Municipal High Income ETF by 9.0% in the 3rd quarter. HighTower Advisors LLC now owns 15,688 shares of the financial services provider’s stock valued at $788,000 after buying an additional 1,298 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in First Trust California Municipal High Income ETF by 37.0% during the 3rd 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 during the last quarter. Finally, Townsquare Capital LLC acquired a new stake in shares of First Trust California Municipal High Income ETF in the 3rd quarter worth $406,000. Hedge funds and other institutional investors own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Stock Up 0.1 %

Shares of First Trust California Municipal High Income ETF stock opened at $49.36 on Tuesday. The firm has a market cap of $271.48 million, a price-to-earnings ratio of 129.89 and a beta of 0.15. First Trust California Municipal High Income ETF has a 52-week low of $48.26 and a 52-week high of $50.54. The company’s 50-day simple moving average is $49.33 and its 200-day simple moving average is $49.77.

First Trust California Municipal High Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be given a dividend of $0.129 per share. This is a boost from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.13. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.55 annualized dividend and a yield of 3.14%. First Trust California Municipal High Income ETF’s payout ratio is presently 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.