International Assets Investment Management LLC Acquires New Position in First Trust California Municipal High Income ETF (NASDAQ:FCAL)

International Assets Investment Management LLC bought a new position in shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 700 shares of the financial services provider’s stock, valued at approximately $35,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FCAL. Towerpoint Wealth LLC grew its holdings in First Trust California Municipal High Income ETF by 37.3% during the first quarter. Towerpoint Wealth LLC now owns 8,661 shares of the financial services provider’s stock worth $430,000 after acquiring an additional 2,353 shares during the period. Private Advisor Group LLC acquired a new position in shares of First Trust California Municipal High Income ETF during the 4th quarter worth $205,000. Harbour Investments Inc. increased its holdings in shares of First Trust California Municipal High Income ETF by 7.5% in the 2nd quarter. Harbour Investments Inc. now owns 6,708 shares of the financial services provider’s stock valued at $332,000 after purchasing an additional 466 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of First Trust California Municipal High Income ETF in the fourth quarter valued at about $308,000. Finally, Cetera Investment Advisers boosted its holdings in First Trust California Municipal High Income ETF by 34.3% during the first quarter. Cetera Investment Advisers now owns 36,476 shares of the financial services provider’s stock worth $1,811,000 after buying an additional 9,314 shares in the last quarter. Institutional investors and hedge funds own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Trading Up 0.4 %

Shares of First Trust California Municipal High Income ETF stock opened at $50.14 on Friday. The company has a 50-day moving average of $49.81 and a two-hundred day moving average of $49.59. First Trust California Municipal High Income ETF has a 12-month low of $46.30 and a 12-month high of $51.97. The stock has a market cap of $248.19 million, a PE ratio of 131.95 and a beta of 0.15.

First Trust California Municipal High Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were paid a $0.1235 dividend. This is an increase from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.12. This represents a $1.48 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend was Wednesday, August 21st. First Trust California Municipal High Income ETF’s dividend payout ratio (DPR) is presently 376.32%.

First Trust California Municipal High Income ETF Company 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.