Twin Peaks Wealth Advisors LLC Purchases 6,401 Shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL)

Twin Peaks Wealth Advisors LLC increased its position in First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 46.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,040 shares of the financial services provider’s stock after purchasing an additional 6,401 shares during the period. Twin Peaks Wealth Advisors LLC owned approximately 0.36% of First Trust California Municipal High Income ETF worth $989,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Private Advisor Group LLC boosted its stake in First Trust California Municipal High Income ETF by 22.2% in the 4th quarter. Private Advisor Group LLC now owns 5,106 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 929 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new position in First Trust California Municipal High Income ETF in the 4th quarter worth about $357,000. Mutual Advisors LLC boosted its stake in First Trust California Municipal High Income ETF by 4.7% in the 4th quarter. Mutual Advisors LLC now owns 21,613 shares of the financial services provider’s stock worth $1,061,000 after purchasing an additional 970 shares in the last quarter. Magnus Financial Group LLC boosted its stake in First Trust California Municipal High Income ETF by 3.3% in the 4th quarter. Magnus Financial Group LLC now owns 31,286 shares of the financial services provider’s stock worth $1,545,000 after purchasing an additional 1,001 shares in the last quarter. Finally, Atomi Financial Group Inc. bought a new position in First Trust California Municipal High Income ETF in the 4th quarter worth about $1,741,000. Institutional investors own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Price Performance

Shares of First Trust California Municipal High Income ETF stock opened at $49.36 on Tuesday. First Trust California Municipal High Income ETF has a 1 year low of $48.26 and a 1 year high of $50.54. The firm’s 50-day moving average is $49.33 and its 200 day moving average is $49.77. The stock has a market cap of $271.48 million, a price-to-earnings ratio of 129.89 and a beta of 0.15.

First Trust California Municipal High Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be given a $0.129 dividend. This is a positive change from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.13. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.55 dividend on an annualized basis and a yield of 3.14%. First Trust California Municipal High Income ETF’s payout ratio is 392.11%.

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.