Flagstar Advisors Inc. Reduces Position in First Trust California Municipal High Income ETF (NASDAQ:FCAL)

Flagstar Advisors Inc. lowered its position in First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 75.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 4,755 shares of the financial services provider’s stock after selling 14,834 shares during the period. Flagstar Advisors Inc.’s holdings in First Trust California Municipal High Income ETF were worth $239,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of FCAL. International Assets Investment Management LLC purchased a new stake in First Trust California Municipal High Income ETF in the 2nd quarter valued at $35,000. Larson Financial Group LLC acquired a new stake in shares of First Trust California Municipal High Income ETF during the second quarter worth about $45,000. Johnson Bixby & Associates LLC acquired a new stake in shares of First Trust California Municipal High Income ETF during the third quarter worth about $202,000. Perennial Investment Advisors LLC grew its holdings in shares of First Trust California Municipal High Income ETF by 4.0% during the second quarter. Perennial Investment Advisors LLC now owns 6,526 shares of the financial services provider’s stock worth $323,000 after buying an additional 250 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in First Trust California Municipal High Income ETF by 37.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,606 shares of the financial services provider’s stock valued at $331,000 after acquiring an additional 1,783 shares during the period. 54.39% of the stock is owned by institutional investors and hedge funds.

First Trust California Municipal High Income ETF Stock Down 0.3 %

FCAL opened at $49.74 on Friday. The business has a 50 day moving average price of $49.94 and a two-hundred day moving average price of $49.77. First Trust California Municipal High Income ETF has a 52 week low of $47.43 and a 52 week high of $51.97. The company has a market cap of $261.14 million, a PE ratio of 130.89 and a beta of 0.15.

First Trust California Municipal High Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.1275 per share. This represents a $1.53 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Thursday, November 21st. First Trust California Municipal High Income ETF’s dividend payout ratio (DPR) is presently 381.58%.

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.