First Trust California Municipal High Income ETF $FCAL Shares Acquired by Perennial Investment Advisors LLC

Perennial Investment Advisors LLC boosted its stake in First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 31.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,928 shares of the financial services provider’s stock after buying an additional 2,136 shares during the period. Perennial Investment Advisors LLC owned 0.22% of First Trust California Municipal High Income ETF worth $428,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Private Trust Co. NA boosted its holdings in shares of First Trust California Municipal High Income ETF by 319.6% in the second quarter. Private Trust Co. NA now owns 1,389 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 1,058 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in First Trust California Municipal High Income ETF in the second quarter worth approximately $205,000. Diversified Portfolios Inc. acquired a new stake in First Trust California Municipal High Income ETF in the second quarter worth approximately $210,000. Integrity Financial Corp WA bought a new position in First Trust California Municipal High Income ETF during the 1st quarter valued at $230,000. Finally, Inspire Advisors LLC acquired a new position in shares of First Trust California Municipal High Income ETF during the 2nd quarter valued at $239,000. 54.39% of the stock is currently owned by institutional investors.

First Trust California Municipal High Income ETF Stock Down 0.0%

Shares of First Trust California Municipal High Income ETF stock opened at $49.44 on Thursday. The business has a fifty day simple moving average of $49.13 and a 200-day simple moving average of $48.31. First Trust California Municipal High Income ETF has a fifty-two week low of $46.44 and a fifty-two week high of $50.54. The firm has a market cap of $190.34 million, a price-to-earnings ratio of 130.11 and a beta of 0.25.

First Trust California Municipal High Income ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st were given a dividend of $0.135 per share. The ex-dividend date was Tuesday, October 21st. This represents a c) annualized dividend and a dividend yield of 3.3%. First Trust California Municipal High Income ETF’s dividend payout ratio (DPR) is 447.37%.

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.