First Trust California Municipal High Income ETF (NASDAQ:FCAL) Shares Cross Above 200-Day Moving Average – Here’s Why

First Trust California Municipal High Income ETF (NASDAQ:FCAL) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $49.75 and traded as high as $49.87. First Trust California Municipal High Income ETF shares last traded at $49.78, with a volume of 9,097 shares.

First Trust California Municipal High Income ETF Stock Up 0.1 %

The stock has a fifty day moving average of $49.98 and a two-hundred day moving average of $49.75. The stock has a market cap of $261.35 million, a price-to-earnings ratio of 131.00 and a beta of 0.15.

First Trust California Municipal High Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 22nd were given a dividend of $0.1275 per share. This represents a $1.53 dividend on an annualized basis and a yield of 3.07%. This is a boost from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.13. The ex-dividend date was Tuesday, October 22nd. First Trust California Municipal High Income ETF’s payout ratio is 381.58%.

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

Large investors have recently made changes to their positions in the business. Harbour Investments Inc. lifted its holdings in shares of First Trust California Municipal High Income ETF by 7.5% during the 2nd quarter. Harbour Investments Inc. now owns 6,708 shares of the financial services provider’s stock valued at $332,000 after acquiring an additional 466 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of First Trust California Municipal High Income ETF by 17.4% in the second quarter. Cetera Investment Advisers now owns 42,826 shares of the financial services provider’s stock worth $2,121,000 after buying an additional 6,350 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of First Trust California Municipal High Income ETF by 5.6% in the second quarter. Commonwealth Equity Services LLC now owns 18,395 shares of the financial services provider’s stock valued at $911,000 after buying an additional 969 shares in the last quarter. Blue Zone Wealth Advisors LLC purchased a new stake in shares of First Trust California Municipal High Income ETF during the 3rd quarter valued at about $742,000. Finally, Ignite Planners LLC lifted its position in First Trust California Municipal High Income ETF by 1.1% during the 3rd quarter. Ignite Planners LLC now owns 31,303 shares of the financial services provider’s stock worth $1,571,000 after acquiring an additional 332 shares in the last quarter. Institutional investors and hedge funds own 54.39% of the company’s stock.

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.