First Trust California Municipal High Income ETF (NASDAQ:FCAL) Stock Price Passes Above 200 Day Moving Average – Here’s Why

First Trust California Municipal High Income ETF (NASDAQ:FCAL – Get Free Report)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $49.46 and traded as high as $49.66. First Trust California Municipal High Income ETF shares last traded at $49.47, with a volume of 29,309 shares traded.

First Trust California Municipal High Income ETF Trading Down 0.4%

The firm has a market capitalization of $222.62 million, a P/E ratio of 130.18 and a beta of 0.25. The firm has a 50-day moving average of $49.42 and a two-hundred day moving average of $49.46.

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First Trust California Municipal High Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.143 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a c) annualized dividend and a yield of 3.5%. First Trust California Municipal High Income ETF’s payout ratio is presently 434.21%.

Institutional Investors Weigh In On First Trust California Municipal High Income ETF

A number of hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp bought a new stake in shares of First Trust California Municipal High Income ETF during the 1st quarter valued at approximately $47,000. Comerica Bank acquired a new position in First Trust California Municipal High Income ETF during the 3rd quarter worth approximately $48,000. Arax Advisory Partners bought a new position in First Trust California Municipal High Income ETF in the 4th quarter valued at approximately $59,000. Kestra Advisory Services LLC bought a new position in First Trust California Municipal High Income ETF in the 4th quarter valued at approximately $70,000. Finally, Rossby Financial LCC bought a new position in First Trust California Municipal High Income ETF in the 4th quarter valued at approximately $146,000. 54.39% of the stock is currently owned by institutional investors and hedge funds.

About First Trust California Municipal High Income ETF

(Get 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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