First Trust California Municipal High Income ETF (NASDAQ:FCAL) Position Increased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. boosted its holdings in First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,477 shares of the financial services provider’s stock after acquiring an additional 230 shares during the period. Avantax Advisory Services Inc.’s holdings in First Trust California Municipal High Income ETF were worth $320,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new stake in First Trust California Municipal High Income ETF during the 3rd quarter valued at $124,000. Private Advisor Group LLC increased its holdings in shares of First Trust California Municipal High Income ETF by 22.2% during the fourth quarter. Private Advisor Group LLC now owns 5,106 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 929 shares during the period. Steward Partners Investment Advisory LLC raised its stake in shares of First Trust California Municipal High Income ETF by 5.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,368 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 268 shares in the last quarter. CreativeOne Wealth LLC acquired a new stake in First Trust California Municipal High Income ETF in the third quarter worth about $278,000. Finally, Guild Investment Management Inc. bought a new position in First Trust California Municipal High Income ETF in the 4th quarter valued at about $296,000. 54.39% of the stock is currently owned by institutional investors.

First Trust California Municipal High Income ETF Trading Down 0.4 %

FCAL stock opened at $48.95 on Wednesday. The firm’s 50-day moving average is $49.34 and its two-hundred day moving average is $49.67. The company has a market capitalization of $269.20 million, a price-to-earnings ratio of 128.80 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.

First Trust California Municipal High Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a $0.129 dividend. This is a positive change from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.13. The ex-dividend date was Friday, February 21st. This represents a $1.55 annualized dividend and a dividend yield of 3.16%. First Trust California Municipal High Income ETF’s dividend payout ratio is 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.