Commonwealth Equity Services LLC Increases Stake in First Trust California Municipal High Income ETF (NASDAQ:FCAL)

Commonwealth Equity Services LLC boosted its stake in First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 8.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,584 shares of the financial services provider’s stock after buying an additional 1,608 shares during the quarter. Commonwealth Equity Services LLC’s holdings in First Trust California Municipal High Income ETF were worth $967,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of FCAL. Avantax Advisory Services Inc. raised its position in shares of First Trust California Municipal High Income ETF by 3.7% in the 4th quarter. Avantax Advisory Services Inc. now owns 6,477 shares of the financial services provider’s stock worth $320,000 after acquiring an additional 230 shares in the last quarter. Farther Finance Advisors LLC bought a new stake in shares of First Trust California Municipal High Income ETF during the fourth quarter valued at approximately $296,000. HighTower Advisors LLC grew its stake in First Trust California Municipal High Income ETF by 32.4% in the fourth quarter. HighTower Advisors LLC now owns 20,773 shares of the financial services provider’s stock worth $1,026,000 after purchasing an additional 5,085 shares during the period. Guild Investment Management Inc. bought a new position in First Trust California Municipal High Income ETF in the fourth quarter worth $296,000. Finally, New Insight Wealth Advisors lifted its position in First Trust California Municipal High Income ETF by 6.8% during the fourth quarter. New Insight Wealth Advisors now owns 27,102 shares of the financial services provider’s stock valued at $1,338,000 after buying an additional 1,727 shares during the period. 54.39% of the stock is owned by institutional investors.

First Trust California Municipal High Income ETF Trading Up 0.9 %

Shares of FCAL stock opened at $48.96 on Wednesday. The company’s fifty day moving average price is $49.29 and its 200-day moving average price is $49.62. The stock has a market cap of $269.28 million, a PE ratio of 128.84 and a beta of 0.15. First Trust California Municipal High Income ETF has a 12 month low of $48.20 and a 12 month high of $50.54.

First Trust California Municipal High Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a dividend of $0.129 per share. This represents a $1.55 annualized dividend and a yield of 3.16%. The ex-dividend date was Thursday, March 27th. First Trust California Municipal High Income ETF’s payout ratio is currently 394.74%.

About First Trust California Municipal High Income ETF

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.