Smith Chas P & Associates PA Cpas Invests $117.87 Million in First Trust California Municipal High Income ETF $FCAL

Posted by George Bondi on Sep 11th, 2026

Smith Chas P & Associates PA Cpas purchased a new stake in shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 2,373,953 shares of the financial services provider’s stock, valued at approximately $117,872,000. First Trust California Municipal High Income ETF comprises approximately 5.7% of Smith Chas P & Associates PA Cpas’ portfolio, making the stock its 3rd biggest holding. Smith Chas P & Associates PA Cpas owned approximately 0.53% of First Trust California Municipal High Income ETF as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in FCAL. Navigation Group LLC bought a new stake in First Trust California Municipal High Income ETF during the first quarter valued at $1,444,000. WCG Wealth Advisors LLC bought a new position in shares of First Trust California Municipal High Income ETF in the 4th quarter worth about $531,000. XP Advisory US Inc. bought a new position in shares of First Trust California Municipal High Income ETF in the 2nd quarter worth about $896,000. Beacon Financial Advisory LLC bought a new position in shares of First Trust California Municipal High Income ETF in the 2nd quarter worth about $2,453,000. Finally, Citizens Business Bank acquired a new position in shares of First Trust California Municipal High Income ETF in the 1st quarter valued at about $5,809,000. 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 $0.17 during midday trading on Friday, hitting $47.52. The company’s stock had a trading volume of 17,394 shares, compared to its average volume of 20,453. First Trust California Municipal High Income ETF has a 1-year low of $47.31 and a 1-year high of $50.13. The firm’s fifty day moving average price is $48.76 and its 200-day moving average price is $49.18. The firm has a market cap of $213.82 million, a P/E ratio of 125.04 and a beta of 0.25.

First Trust California Municipal High Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 21st were issued a $0.144 dividend. This is an increase from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Friday, August 21st. First Trust California Municipal High Income ETF’s dividend payout ratio is 439.47%.

About First Trust California Municipal High Income ETF

(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.