NewEdge Advisors LLC Trims Stock Holdings in First Trust California Municipal High Income ETF $FCAL

NewEdge Advisors LLC lowered its holdings in First Trust California Municipal High Income ETF (NASDAQ:FCAL – Free Report) by 97.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,222 shares of the financial services provider’s stock after selling 306,851 shares during the period. NewEdge Advisors LLC’s holdings in First Trust California Municipal High Income ETF were worth $353,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Compound Planning Inc. boosted its holdings in First Trust California Municipal High Income ETF by 4.1% in the 1st quarter. Compound Planning Inc. now owns 43,679 shares of the financial services provider’s stock worth $2,135,000 after buying an additional 1,726 shares during the period. CLG LLC raised its holdings in First Trust California Municipal High Income ETF by 15.5% during the 1st quarter. CLG LLC now owns 10,286 shares of the financial services provider’s stock valued at $503,000 after acquiring an additional 1,378 shares during the period. Cetera Investment Advisers raised its holdings in First Trust California Municipal High Income ETF by 8.5% during the 1st quarter. Cetera Investment Advisers now owns 86,321 shares of the financial services provider’s stock valued at $4,220,000 after acquiring an additional 6,763 shares during the period. D.A. Davidson & CO. raised its holdings in First Trust California Municipal High Income ETF by 19.4% during the 1st quarter. D.A. Davidson & CO. now owns 9,299 shares of the financial services provider’s stock valued at $455,000 after acquiring an additional 1,511 shares during the period. Finally, Navigation Group LLC purchased a new stake in shares of First Trust California Municipal High Income ETF during the first quarter worth $1,444,000. 54.39% of the stock is currently owned by hedge funds and other institutional investors.

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First Trust California Municipal High Income ETF Price Performance

First Trust California Municipal High Income ETF stock opened at $48.54 on Monday. First Trust California Municipal High Income ETF has a one year low of $47.60 and a one year high of $50.13. The business has a fifty day moving average price of $49.19 and a 200-day moving average price of $49.35. The firm has a market capitalization of $218.43 million, a P/E ratio of 127.74 and a beta of 0.25.

First Trust California Municipal High Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 21st will be issued a dividend of $0.144 per share. This is a positive change from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend is Friday, August 21st. This represents a c) dividend on an annualized basis and a yield of 3.6%. First Trust California Municipal High Income ETF’s payout ratio is currently 436.84%.

First Trust California Municipal High Income ETF Company Profile

(Free Report)

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.

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