Manchester Financial Inc. Sells 1,700 Shares of First Trust California Municipal High Income ETF $FCAL

Manchester Financial Inc. decreased its position in First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 8.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,420 shares of the financial services provider’s stock after selling 1,700 shares during the quarter. Manchester Financial Inc. owned about 0.47% of First Trust California Municipal High Income ETF worth $932,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Private Trust Co. NA lifted its holdings in First Trust California Municipal High Income ETF by 319.6% in the 2nd quarter. Private Trust Co. NA now owns 1,389 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 1,058 shares during the last quarter. Rossby Financial LCC acquired a new stake in First Trust California Municipal High Income ETF in the 1st quarter worth approximately $145,000. Envestnet Portfolio Solutions Inc. acquired a new stake in First Trust California Municipal High Income ETF in the 1st quarter worth approximately $200,000. Integrity Financial Corp WA acquired a new stake in First Trust California Municipal High Income ETF in the 1st quarter worth approximately $230,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in First Trust California Municipal High Income ETF in the 1st quarter worth approximately $302,000. Institutional investors own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Stock Performance

FCAL opened at $49.29 on Friday. The business has a 50 day moving average price of $48.44 and a 200 day moving average price of $48.09. First Trust California Municipal High Income ETF has a twelve month low of $46.44 and a twelve month high of $50.54. The firm has a market cap of $192.23 million, a P/E ratio of 129.71 and a beta of 0.15.

First Trust California Municipal High Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were issued a $0.135 dividend. This is an increase from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.13. The ex-dividend date was Thursday, September 25th. This represents a c) annualized dividend and a yield of 3.3%. First Trust California Municipal High Income ETF’s dividend payout ratio is presently 410.53%.

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.