First Trust California Municipal High Income ETF (NASDAQ:FCAL) Shares Cross Above 200-Day Moving Average – Here’s What Happened

First Trust California Municipal High Income ETF (NASDAQ:FCAL) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $49.37 and traded as high as $49.50. First Trust California Municipal High Income ETF shares last traded at $49.44, with a volume of 19,656 shares traded.

First Trust California Municipal High Income ETF Price Performance

The firm has a market cap of $210.12 million, a PE ratio of 130.11 and a beta of 0.27. The company’s 50 day moving average price is $49.52 and its 200 day moving average price is $49.38.

First Trust California Municipal High Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a $0.141 dividend. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Thursday, March 26th. First Trust California Municipal High Income ETF’s dividend payout ratio (DPR) is currently 426.32%.

Institutional Trading of First Trust California Municipal High Income ETF

A number of large investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. boosted its holdings in First Trust California Municipal High Income ETF by 234.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 66,971 shares of the financial services provider’s stock valued at $3,302,000 after purchasing an additional 46,971 shares during the period. NewEdge Advisors LLC grew its position in shares of First Trust California Municipal High Income ETF by 4,304.3% during the fourth quarter. NewEdge Advisors LLC now owns 314,073 shares of the financial services provider’s stock worth $15,486,000 after buying an additional 306,942 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of First Trust California Municipal High Income ETF by 6.5% during the fourth quarter. Cetera Investment Advisers now owns 79,558 shares of the financial services provider’s stock worth $3,923,000 after buying an additional 4,888 shares during the period. Running Point Capital Advisors LLC increased its stake in shares of First Trust California Municipal High Income ETF by 9.4% during the fourth quarter. Running Point Capital Advisors LLC now owns 39,693 shares of the financial services provider’s stock worth $1,957,000 after buying an additional 3,406 shares during the period. Finally, Mariner LLC raised its holdings in First Trust California Municipal High Income ETF by 6.5% in the fourth quarter. Mariner LLC now owns 50,604 shares of the financial services provider’s stock valued at $2,495,000 after acquiring an additional 3,101 shares in the last quarter. 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.