XP Advisory US Inc. Buys New Position in First Trust California Municipal High Income ETF $FCAL

XP Advisory US Inc. bought a new stake in First Trust California Municipal High Income ETF (NASDAQ:FCAL) in the second quarter, HoldingsChannel reports. The fund bought 18,046 shares of the financial services provider’s stock, valued at approximately $896,000. First Trust California Municipal High Income ETF accounts for 0.5% of XP Advisory US Inc.’s portfolio, making the stock its 10th largest position.

A number of other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in shares of First Trust California Municipal High Income ETF by 2.6% in the fourth quarter. LPL Financial LLC now owns 872,810 shares of the financial services provider’s stock valued at $43,036,000 after acquiring an additional 22,277 shares during the period. NewEdge Advisors LLC increased its holdings in shares of First Trust California Municipal High Income ETF by 4,304.3% in the 4th quarter. NewEdge Advisors LLC now owns 314,073 shares of the financial services provider’s stock valued at $15,486,000 after acquiring an additional 306,942 shares during the period. Royal Bank of Canada raised its position in First Trust California Municipal High Income ETF by 2.4% in the 1st quarter. Royal Bank of Canada now owns 130,218 shares of the financial services provider’s stock valued at $6,321,000 after purchasing an additional 3,039 shares during the last quarter. Citizens Business Bank acquired a new stake in First Trust California Municipal High Income ETF during the 1st quarter worth $5,809,000. Finally, Jane Street Group LLC grew its position in First Trust California Municipal High Income ETF by 171.0% during the 2nd quarter. Jane Street Group LLC now owns 88,954 shares of the financial services provider’s stock worth $4,267,000 after purchasing an additional 56,132 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 Stock Performance

Shares of First Trust California Municipal High Income ETF stock opened at $47.97 on Friday. The company has a market capitalization of $215.87 million, a P/E ratio of 126.24 and a beta of 0.25. First Trust California Municipal High Income ETF has a 1 year low of $47.90 and a 1 year high of $50.13. The company’s fifty day moving average is $48.92 and its two-hundred day moving average is $49.25.

First Trust California Municipal High Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were paid a dividend of $0.144 per share. This represents a c) annualized dividend and a dividend yield of 3.6%. This is a positive change from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.14. The ex-dividend date was Friday, August 21st. First Trust California Municipal High Income ETF’s payout ratio is currently 439.47%.

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.