Cetera Investment Advisers Acquires 6,350 Shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL)

Cetera Investment Advisers boosted its holdings in First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 17.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,826 shares of the financial services provider’s stock after purchasing an additional 6,350 shares during the period. Cetera Investment Advisers owned about 0.87% of First Trust California Municipal High Income ETF worth $2,121,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Perennial Investment Advisors LLC lifted its stake in First Trust California Municipal High Income ETF by 4.0% in the second quarter. Perennial Investment Advisors LLC now owns 6,526 shares of the financial services provider’s stock valued at $323,000 after acquiring an additional 250 shares during the last quarter. LPL Financial LLC lifted its stake in First Trust California Municipal High Income ETF by 14.2% in the second quarter. LPL Financial LLC now owns 664,470 shares of the financial services provider’s stock valued at $32,905,000 after acquiring an additional 82,860 shares during the last quarter. Larson Financial Group LLC acquired a new stake in First Trust California Municipal High Income ETF in the second quarter valued at $45,000. Commonwealth Equity Services LLC lifted its stake in First Trust California Municipal High Income ETF by 5.6% in the second quarter. Commonwealth Equity Services LLC now owns 18,395 shares of the financial services provider’s stock valued at $911,000 after acquiring an additional 969 shares during the last quarter. Finally, Integral Investment Advisors Inc. lifted its stake in First Trust California Municipal High Income ETF by 7.1% in the second quarter. Integral Investment Advisors Inc. now owns 23,297 shares of the financial services provider’s stock valued at $1,153,000 after acquiring an additional 1,547 shares during the last quarter. Institutional investors own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Stock Performance

NASDAQ FCAL opened at $50.02 on Monday. The firm has a 50-day moving average of $50.12 and a 200-day moving average of $49.67. The stock has a market cap of $257.60 million, a PE ratio of 131.63 and a beta of 0.15. First Trust California Municipal High Income ETF has a 52-week low of $46.30 and a 52-week high of $51.97.

First Trust California Municipal High Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a $0.125 dividend. This is a boost from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.12. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.50 annualized dividend and a yield of 3.00%. First Trust California Municipal High Income ETF’s payout ratio is 378.95%.

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.