First Trust California Municipal High Income ETF (NASDAQ:FCAL) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

First Trust California Municipal High Income ETF (NASDAQ:FCAL) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $49.40 and traded as high as $49.54. First Trust California Municipal High Income ETF shares last traded at $49.48, with a volume of 12,260 shares changing hands.

First Trust California Municipal High Income ETF Price Performance

The stock has a market cap of $210.29 million, a price-to-earnings ratio of 130.21 and a beta of 0.26. The company’s fifty day moving average price is $49.25 and its 200-day moving average price is $49.40.

First Trust California Municipal High Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were issued a dividend of $0.143 per share. This represents a c) annualized dividend and a dividend yield of 3.5%. This is an increase from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.14. The ex-dividend date was Thursday, May 21st. First Trust California Municipal High Income ETF’s dividend payout ratio is currently 431.58%.

Hedge Funds Weigh In On First Trust California Municipal High Income ETF

Several hedge funds have recently modified their holdings of FCAL. Koshinski Asset Management Inc. acquired a new stake in First Trust California Municipal High Income ETF in the 3rd quarter valued at $545,000. Channel Wealth LLC grew its stake in First Trust California Municipal High Income ETF by 56.0% in the 4th quarter. Channel Wealth LLC now owns 34,509 shares of the financial services provider’s stock valued at $1,702,000 after acquiring an additional 12,393 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in First Trust California Municipal High Income ETF by 150.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 18,128 shares of the financial services provider’s stock valued at $894,000 after acquiring an additional 10,903 shares during the period. WCG Wealth Advisors LLC acquired a new stake in First Trust California Municipal High Income ETF in the 4th quarter valued at $531,000. Finally, Climber Capital SA acquired a new stake in First Trust California Municipal High Income ETF in the 4th quarter valued at $721,000. Institutional investors and hedge funds own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Company 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.