HighTower Advisors LLC Increases Holdings in First Trust California Municipal High Income ETF (NASDAQ:FCAL)

HighTower Advisors LLC raised its stake in First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 32.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,773 shares of the financial services provider’s stock after acquiring an additional 5,085 shares during the period. HighTower Advisors LLC’s holdings in First Trust California Municipal High Income ETF were worth $1,026,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new position in First Trust California Municipal High Income ETF in the 3rd quarter worth about $124,000. Private Advisor Group LLC raised its holdings in First Trust California Municipal High Income ETF by 22.2% in the fourth quarter. Private Advisor Group LLC now owns 5,106 shares of the financial services provider’s stock worth $252,000 after buying an additional 929 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of First Trust California Municipal High Income ETF by 5.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,368 shares of the financial services provider’s stock worth $265,000 after buying an additional 268 shares in the last quarter. CreativeOne Wealth LLC purchased a new stake in shares of First Trust California Municipal High Income ETF during the third quarter valued at approximately $278,000. Finally, Guild Investment Management Inc. bought a new stake in shares of First Trust California Municipal High Income ETF during the fourth quarter valued at approximately $296,000. 54.39% of the stock is currently owned by institutional investors.

First Trust California Municipal High Income ETF Stock Down 0.5 %

Shares of NASDAQ FCAL opened at $48.79 on Thursday. The firm has a market cap of $268.35 million, a P/E ratio of 128.39 and a beta of 0.15. First Trust California Municipal High Income ETF has a twelve month low of $48.26 and a twelve month high of $50.54. The company has a 50 day moving average of $49.34 and a 200 day moving average of $49.67.

First Trust California Municipal High Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a $0.129 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.55 annualized dividend and a dividend yield of 3.17%. This is a boost from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.13. First Trust California Municipal High Income ETF’s payout ratio is currently 360.53%.

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.