Citizens Business Bank Purchases 24,676 Shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL)

Citizens Business Bank increased its position in First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 27.5% during the fourth quarter, Holdings Channel reports. The firm owned 114,249 shares of the financial services provider’s stock after buying an additional 24,676 shares during the quarter. First Trust California Municipal High Income ETF makes up approximately 1.3% of Citizens Business Bank’s portfolio, making the stock its 23rd largest holding. Citizens Business Bank’s holdings in First Trust California Municipal High Income ETF were worth $5,702,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Miracle Mile Advisors LLC increased its position in First Trust California Municipal High Income ETF by 83.0% during the fourth quarter. Miracle Mile Advisors LLC now owns 1,017,719 shares of the financial services provider’s stock worth $50,794,000 after buying an additional 461,641 shares during the last quarter. LPL Financial LLC increased its holdings in shares of First Trust California Municipal High Income ETF by 22.8% during the 3rd quarter. LPL Financial LLC now owns 429,522 shares of the financial services provider’s stock worth $20,291,000 after acquiring an additional 79,677 shares during the last quarter. International Assets Investment Management LLC bought a new stake in First Trust California Municipal High Income ETF in the 4th quarter valued at $1,744,000. Twin Peaks Wealth Advisors LLC acquired a new stake in First Trust California Municipal High Income ETF during the 4th quarter valued at $671,000. Finally, Mutual Advisors LLC boosted its position in First Trust California Municipal High Income ETF by 21.4% during the fourth quarter. Mutual Advisors LLC now owns 28,930 shares of the financial services provider’s stock worth $1,444,000 after purchasing an additional 5,090 shares during the period. 54.39% of the stock is currently owned by institutional investors and hedge funds.

First Trust California Municipal High Income ETF Trading Up 0.1 %

Shares of NASDAQ:FCAL traded up $0.06 on Tuesday, hitting $49.10. The company had a trading volume of 28,320 shares, compared to its average volume of 27,871. The stock has a 50 day moving average price of $49.54 and a 200 day moving average price of $49.10. The stock has a market cap of $216.04 million, a price-to-earnings ratio of 129.11 and a beta of 0.15. First Trust California Municipal High Income ETF has a 1-year low of $46.30 and a 1-year high of $51.97.

First Trust California Municipal High Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 24th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $1.44 annualized dividend and a yield of 2.93%. First Trust California Municipal High Income ETF’s dividend payout ratio is currently 365.79%.

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.