MGO One Seven LLC Has $1.67 Million Stock Position in First Trust California Municipal High Income ETF $FCAL

MGO One Seven LLC increased its holdings in First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 144.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,875 shares of the financial services provider’s stock after acquiring an additional 20,595 shares during the period. MGO One Seven LLC owned about 0.85% of First Trust California Municipal High Income ETF worth $1,673,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mutual Advisors LLC boosted its holdings in First Trust California Municipal High Income ETF by 6.5% in the 1st quarter. Mutual Advisors LLC now owns 23,009 shares of the financial services provider’s stock worth $1,109,000 after buying an additional 1,396 shares during the period. HighTower Advisors LLC lifted its stake in First Trust California Municipal High Income ETF by 6.9% in the 1st quarter. HighTower Advisors LLC now owns 22,206 shares of the financial services provider’s stock worth $1,078,000 after purchasing an additional 1,433 shares in the last quarter. Channel Wealth LLC lifted its stake in First Trust California Municipal High Income ETF by 7.1% in the 2nd quarter. Channel Wealth LLC now owns 31,808 shares of the financial services provider’s stock worth $1,526,000 after purchasing an additional 2,111 shares in the last quarter. Rossby Financial LCC purchased a new stake in shares of First Trust California Municipal High Income ETF during the 1st quarter valued at $145,000. Finally, Royal Bank of Canada raised its position in shares of First Trust California Municipal High Income ETF by 2.4% during the 1st quarter. Royal Bank of Canada now owns 130,218 shares of the financial services provider’s stock valued at $6,321,000 after buying an additional 3,039 shares in the last quarter. 54.39% of the stock is owned by institutional investors.

First Trust California Municipal High Income ETF Stock Performance

FCAL stock opened at $49.19 on Thursday. First Trust California Municipal High Income ETF has a 52 week low of $46.44 and a 52 week high of $50.54. The firm’s fifty day moving average is $48.38 and its 200 day moving average is $48.09. The firm has a market cap of $191.84 million, a P/E ratio of 129.45 and a beta of 0.15.

First Trust California Municipal High Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were paid a dividend of $0.135 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Thursday, September 25th. This is a positive change 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 presently 410.53%.

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.