Manchester Financial Inc. Has $932,000 Holdings in First Trust California Municipal High Income ETF $FCAL

Manchester Financial Inc. cut its holdings in shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 8.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,420 shares of the financial services provider’s stock after selling 1,700 shares during the quarter. Manchester Financial Inc.’s holdings in First Trust California Municipal High Income ETF were worth $932,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Private Trust Co. NA lifted its holdings in shares of First Trust California Municipal High Income ETF by 319.6% during the second quarter. Private Trust Co. NA now owns 1,389 shares of the financial services provider’s stock worth $67,000 after buying an additional 1,058 shares during the last quarter. Rossby Financial LCC acquired a new position in shares of First Trust California Municipal High Income ETF during the first quarter worth approximately $145,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of First Trust California Municipal High Income ETF during the first quarter worth approximately $200,000. Integrity Financial Corp WA acquired a new position in shares of First Trust California Municipal High Income ETF during the first quarter worth approximately $230,000. Finally, Atria Wealth Solutions Inc. acquired a new position in shares of First Trust California Municipal High Income ETF during the first quarter worth approximately $302,000. 54.39% of the stock is currently owned by institutional investors and hedge funds.

First Trust California Municipal High Income ETF Price Performance

Shares of FCAL stock opened at $49.29 on Friday. First Trust California Municipal High Income ETF has a 12 month low of $46.44 and a 12 month high of $50.54. The firm has a market cap of $192.23 million, a PE ratio of 129.71 and a beta of 0.15. The stock has a 50 day moving average of $48.44 and a 200-day moving average of $48.09.

First Trust California Municipal High Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued a dividend of $0.135 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. This is a boost from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.13. The ex-dividend date was Thursday, September 25th. First Trust California Municipal High Income ETF’s dividend 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.