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

Entruity Wealth LLC acquired a new stake in First Trust California Municipal High Income ETF (NASDAQ:FCAL) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 21,587 shares of the financial services provider’s stock, valued at approximately $1,066,000. First Trust California Municipal High Income ETF comprises approximately 1.1% of Entruity Wealth LLC’s investment portfolio, making the stock its 24th largest holding. Entruity Wealth LLC owned about 0.39% of First Trust California Municipal High Income ETF at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. bought a new position in shares of First Trust California Municipal High Income ETF in the 3rd quarter valued at about $124,000. Private Advisor Group LLC lifted its stake in First Trust California Municipal High Income ETF by 22.2% in the 4th 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 last quarter. Steward Partners Investment Advisory LLC grew its holdings in 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 worth $265,000 after purchasing an additional 268 shares during the period. Guild Investment Management Inc. bought a new stake in First Trust California Municipal High Income ETF in the fourth quarter valued at approximately $296,000. Finally, Farther Finance Advisors LLC acquired a new stake in shares of First Trust California Municipal High Income ETF in the fourth quarter valued at approximately $296,000. Institutional investors own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Trading Down 0.3 %

Shares of NASDAQ FCAL opened at $47.46 on Friday. First Trust California Municipal High Income ETF has a 12 month low of $46.44 and a 12 month high of $50.54. The stock has a 50 day moving average of $49.03 and a 200-day moving average of $49.47. The company has a market capitalization of $261.03 million, a P/E ratio of 124.89 and a beta of 0.15.

First Trust California Municipal High Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a $0.129 dividend. This represents a $1.55 annualized dividend and a dividend yield of 3.26%. The ex-dividend date was Thursday, March 27th. First Trust California Municipal High Income ETF’s payout ratio is presently 394.74%.

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.