Integrated Wealth Concepts LLC Acquires Shares of 43,549 First Trust California Municipal High Income ETF $FCAL

Integrated Wealth Concepts LLC acquired a new position in shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 43,549 shares of the financial services provider’s stock, valued at approximately $2,162,000. Integrated Wealth Concepts LLC owned approximately 0.97% of First Trust California Municipal High Income ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of FCAL. Integral Investment Advisors Inc. grew its stake in shares of First Trust California Municipal High Income ETF by 0.8% in the first quarter. Integral Investment Advisors Inc. now owns 32,755 shares of the financial services provider’s stock valued at $1,601,000 after buying an additional 250 shares in the last quarter. Triumph Capital Management purchased a new stake in shares of First Trust California Municipal High Income ETF during the 2nd quarter valued at about $25,000. Fifth Third Bancorp acquired a new position in First Trust California Municipal High Income ETF during the 1st quarter worth approximately $47,000. CLG LLC lifted its position in First Trust California Municipal High Income ETF by 15.5% during the 1st quarter. CLG LLC now owns 10,286 shares of the financial services provider’s stock worth $503,000 after acquiring an additional 1,378 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its position in First Trust California Municipal High Income ETF by 19.4% during the 1st quarter. D.A. Davidson & CO. now owns 9,299 shares of the financial services provider’s stock worth $455,000 after acquiring an additional 1,511 shares in the last quarter. Institutional investors and hedge funds own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Stock Up 0.1%

NASDAQ FCAL opened at $47.51 on Tuesday. First Trust California Municipal High Income ETF has a fifty-two week low of $47.31 and a fifty-two week high of $50.13. The business has a 50 day moving average price of $48.67 and a two-hundred day moving average price of $49.14. The stock has a market cap of $213.79 million, a PE ratio of 125.03 and a beta of 0.25.

First Trust California Municipal High Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were given a dividend of $0.144 per share. The ex-dividend date of this dividend was Friday, August 21st. This is an increase from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. First Trust California Municipal High Income ETF’s dividend payout ratio is presently 439.47%.

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.