First Trust California Municipal High Income ETF (NASDAQ:FCAL) Shares Sold by Towerpoint Wealth LLC

Towerpoint Wealth LLC cut its stake in First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,216 shares of the financial services provider’s stock after selling 425 shares during the period. Towerpoint Wealth LLC owned 0.15% of First Trust California Municipal High Income ETF worth $406,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC raised its stake in shares of First Trust California Municipal High Income ETF by 5.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 18,395 shares of the financial services provider’s stock valued at $911,000 after purchasing an additional 969 shares in the last quarter. Perennial Investment Advisors LLC increased its holdings 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 buying an additional 250 shares during the last quarter. Cetera Investment Advisers raised its stake in First Trust California Municipal High Income ETF by 17.4% during the second quarter. Cetera Investment Advisers now owns 42,826 shares of the financial services provider’s stock valued at $2,121,000 after buying an additional 6,350 shares in the last quarter. Miracle Mile Advisors LLC lifted its holdings in First Trust California Municipal High Income ETF by 4.5% during the 3rd quarter. Miracle Mile Advisors LLC now owns 1,795,137 shares of the financial services provider’s stock worth $90,080,000 after buying an additional 77,896 shares during the last quarter. Finally, Ignite Planners LLC lifted its holdings in First Trust California Municipal High Income ETF by 1.1% during the 3rd quarter. Ignite Planners LLC now owns 31,303 shares of the financial services provider’s stock worth $1,571,000 after buying an additional 332 shares during the last quarter. 54.39% of the stock is currently owned by institutional investors.

First Trust California Municipal High Income ETF Stock Performance

Shares of NASDAQ FCAL traded up $0.23 during trading on Thursday, reaching $49.07. The stock had a trading volume of 304 shares, compared to its average volume of 19,600. The stock has a market cap of $272.34 million, a PE ratio of 129.13 and a beta of 0.15. First Trust California Municipal High Income ETF has a one year low of $47.43 and a one year high of $50.54. The firm’s 50 day moving average price is $49.69 and its two-hundred day moving average price is $49.84.

First Trust California Municipal High Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.1275 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.53 dividend on an annualized basis and a dividend yield of 3.12%. First Trust California Municipal High Income ETF’s dividend payout ratio (DPR) is 386.84%.

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.