First Trust California Municipal High Income ETF (NASDAQ:FCAL) Stock Passes Above 200-Day Moving Average of $48.99

First Trust California Municipal High Income ETF (NASDAQ:FCAL) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $48.99 and traded as high as $49.26. First Trust California Municipal High Income ETF shares last traded at $49.22, with a volume of 10,807 shares.

First Trust California Municipal High Income ETF Stock Down 0.0 %

The stock has a market cap of $216.57 million, a PE ratio of 129.53 and a beta of 0.15. The company has a fifty day moving average price of $49.61 and a 200 day moving average price of $48.99.

First Trust California Municipal High Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $1.44 annualized dividend and a dividend yield of 2.93%. First Trust California Municipal High Income ETF’s dividend payout ratio is currently 365.79%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FCAL. Miracle Mile Advisors LLC increased its holdings in First Trust California Municipal High Income ETF by 83.0% during the 4th quarter. Miracle Mile Advisors LLC now owns 1,017,719 shares of the financial services provider’s stock valued at $50,794,000 after purchasing an additional 461,641 shares during the period. Rockefeller Capital Management L.P. increased its holdings in First Trust California Municipal High Income ETF by 3,606.8% during the 1st quarter. Rockefeller Capital Management L.P. now owns 151,979 shares of the financial services provider’s stock valued at $7,481,000 after purchasing an additional 147,879 shares during the period. Jane Street Group LLC increased its holdings in First Trust California Municipal High Income ETF by 712.7% during the 4th quarter. Jane Street Group LLC now owns 104,535 shares of the financial services provider’s stock valued at $5,058,000 after purchasing an additional 91,672 shares during the period. LPL Financial LLC increased its holdings in First Trust California Municipal High Income ETF by 22.8% during the 3rd quarter. LPL Financial LLC now owns 429,522 shares of the financial services provider’s stock valued at $20,291,000 after purchasing an additional 79,677 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in First Trust California Municipal High Income ETF during the 4th quarter valued at about $1,744,000. Hedge funds and other institutional investors own 54.39% of the company’s stock.

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.