NewEdge Advisors LLC Reduces Stake in First Trust California Municipal High Income ETF $FCAL

NewEdge Advisors LLC reduced its stake in shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 97.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,222 shares of the financial services provider’s stock after selling 306,851 shares during the period. NewEdge Advisors LLC owned about 0.17% of First Trust California Municipal High Income ETF worth $353,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of FCAL. Commonwealth Equity Services LLC raised its holdings in shares of First Trust California Municipal High Income ETF by 1.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 19,146 shares of the financial services provider’s stock worth $944,000 after purchasing an additional 225 shares during the period. Integral Investment Advisors Inc. lifted its stake in First Trust California Municipal High Income ETF by 0.8% in the first quarter. Integral Investment Advisors Inc. now owns 32,755 shares of the financial services provider’s stock valued at $1,601,000 after purchasing an additional 250 shares during the last quarter. Kingswood Wealth Advisors LLC grew its holdings in First Trust California Municipal High Income ETF by 6.7% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 5,539 shares of the financial services provider’s stock valued at $273,000 after purchasing an additional 350 shares during the period. Entruity Wealth LLC grew its holdings in First Trust California Municipal High Income ETF by 1.8% during the fourth quarter. Entruity Wealth LLC now owns 21,101 shares of the financial services provider’s stock valued at $1,040,000 after purchasing an additional 366 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in First Trust California Municipal High Income ETF by 14.7% in the third quarter. Envestnet Asset Management Inc. now owns 6,177 shares of the financial services provider’s stock worth $301,000 after buying an additional 791 shares during the last quarter. 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 $48.54 on Monday. The company has a market capitalization of $218.43 million, a P/E ratio of 127.74 and a beta of 0.25. The business has a fifty day simple moving average of $49.19 and a two-hundred day simple moving average of $49.35. First Trust California Municipal High Income ETF has a 1 year low of $47.60 and a 1 year high of $50.13.

First Trust California Municipal High Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 21st will be issued a $0.144 dividend. This is an increase from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend is Friday, August 21st. This represents a c) annualized dividend and a yield of 3.6%. First Trust California Municipal High Income ETF’s payout ratio is 436.84%.

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.