Mutual Advisors LLC Sells 1,353 Shares of First Trust California Municipal High Income ETF $FCAL

Mutual Advisors LLC cut its holdings in shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 5.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,656 shares of the financial services provider’s stock after selling 1,353 shares during the period. Mutual Advisors LLC owned 0.53% of First Trust California Municipal High Income ETF worth $1,028,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. purchased a new stake in First Trust California Municipal High Income ETF during the first quarter valued at approximately $200,000. Cetera Investment Advisers lifted its position in First Trust California Municipal High Income ETF by 6.9% during the first quarter. Cetera Investment Advisers now owns 56,000 shares of the financial services provider’s stock valued at $2,718,000 after acquiring an additional 3,612 shares during the last quarter. HighTower Advisors LLC lifted its position in First Trust California Municipal High Income ETF by 6.9% during the first quarter. HighTower Advisors LLC now owns 22,206 shares of the financial services provider’s stock valued at $1,078,000 after acquiring an additional 1,433 shares during the last quarter. Advisor Resource Council purchased a new stake in First Trust California Municipal High Income ETF during the first quarter valued at approximately $448,000. Finally, Integrity Financial Corp WA purchased a new stake in First Trust California Municipal High Income ETF during the first quarter valued at approximately $230,000. Hedge funds and other institutional investors own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Price Performance

NASDAQ:FCAL opened at $49.29 on Friday. First Trust California Municipal High Income ETF has a 52 week low of $46.44 and a 52 week high of $50.54. The firm has a 50 day moving average of $48.44 and a 200 day moving average of $48.09. The stock has a market capitalization of $192.23 million, a price-to-earnings ratio of 129.71 and a beta of 0.15.

First Trust California Municipal High Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were given a dividend of $0.135 per share. The ex-dividend date of this dividend was Thursday, September 25th. This is a positive change from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.13. This represents a c) dividend on an annualized basis and a yield of 3.3%. First Trust California Municipal High Income ETF’s dividend payout ratio is currently 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.