Baird Financial Group Inc. Makes New Investment in First Trust California Municipal High Income ETF $FCAL

Posted by Brenda Bartman on Sep 12th, 2026

Baird Financial Group Inc. purchased a new stake in shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL – Free Report) in the second quarter, HoldingsChannel reports. The firm purchased 470,809 shares of the financial services provider’s stock, valued at approximately $23,377,000. Baird Financial Group Inc. owned about 0.10% of First Trust California Municipal High Income ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Triumph Capital Management acquired a new stake in First Trust California Municipal High Income ETF in the 2nd quarter valued at approximately $25,000. Fifth Third Bancorp purchased a new position in shares of First Trust California Municipal High Income ETF during the first quarter worth $47,000. Comerica Bank acquired a new stake in shares of First Trust California Municipal High Income ETF in the third quarter valued at $48,000. Arax Advisory Partners acquired a new stake in shares of First Trust California Municipal High Income ETF in the fourth quarter valued at $59,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of First Trust California Municipal High Income ETF in the 4th quarter valued at $70,000. 54.39% of the stock is owned by hedge funds and other institutional investors.

First Trust California Municipal High Income ETF Trading Up 0.4%

FCAL opened at $47.52 on Friday. The stock’s 50-day moving average price is $48.72 and its 200 day moving average price is $49.17. First Trust California Municipal High Income ETF has a 12-month low of $47.31 and a 12-month high of $50.13. The firm has a market cap of $213.82 million, a price-to-earnings ratio of 125.04 and a beta of 0.25.

First Trust California Municipal High Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were paid a $0.144 dividend. The ex-dividend date of this dividend was Friday, August 21st. This is a positive change from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a dividend yield of 3.6%. First Trust California Municipal High Income ETF’s 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.