Blue Zone Wealth Advisors LLC Purchases 8,999 Shares of First Trust California Municipal High Income ETF $FCAL

Blue Zone Wealth Advisors LLC grew its position in shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 60.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,786 shares of the financial services provider’s stock after buying an additional 8,999 shares during the quarter. Blue Zone Wealth Advisors LLC owned approximately 0.58% of First Trust California Municipal High Income ETF worth $1,141,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Rossby Financial LCC bought a new stake in First Trust California Municipal High Income ETF during the first quarter worth about $145,000. Envestnet Portfolio Solutions Inc. bought a new stake in First Trust California Municipal High Income ETF during the first quarter worth about $200,000. CLG LLC bought a new stake in First Trust California Municipal High Income ETF during the first quarter worth about $211,000. Integrity Financial Corp WA bought a new stake in First Trust California Municipal High Income ETF during the first quarter worth about $230,000. Finally, Atria Wealth Solutions Inc. bought a new stake in First Trust California Municipal High Income ETF during the first quarter worth about $302,000. 54.39% of the stock is owned by institutional investors.

First Trust California Municipal High Income ETF Trading Up 0.2%

Shares of FCAL stock opened at $49.03 on Friday. The firm’s 50 day moving average is $48.30 and its 200-day moving average is $48.08. First Trust California Municipal High Income ETF has a 1 year low of $46.44 and a 1 year high of $50.54. The firm has a market capitalization of $188.77 million, a price-to-earnings ratio of 129.03 and a beta of 0.15.

First Trust California Municipal High Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a $0.135 dividend. This represents a c) annualized dividend and a 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 (DPR) is 410.53%.

About First Trust California Municipal High Income ETF

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.