RFG Advisory LLC Takes $2.51 Million Position in First Trust California Municipal High Income ETF $FCAL

RFG Advisory LLC acquired a new position in First Trust California Municipal High Income ETF (NASDAQ:FCAL) during the second quarter, HoldingsChannel reports. The institutional investor acquired 50,574 shares of the financial services provider’s stock, valued at approximately $2,511,000.

Other large investors have also recently made changes to their positions in the company. NewEdge Advisors LLC increased its stake in First Trust California Municipal High Income ETF by 31,414.1% during the second quarter. NewEdge Advisors LLC now owns 2,275,951 shares of the financial services provider’s stock worth $113,006,000 after acquiring an additional 2,268,729 shares during the last quarter. LPL Financial LLC boosted its holdings in First Trust California Municipal High Income ETF by 2.6% during the 4th quarter. LPL Financial LLC now owns 872,810 shares of the financial services provider’s stock valued at $43,036,000 after acquiring an additional 22,277 shares during the period. Baird Financial Group Inc. bought a new position in First Trust California Municipal High Income ETF in the 2nd quarter valued at $23,377,000. Royal Bank of Canada grew its position in First Trust California Municipal High Income ETF by 2.4% in the 1st quarter. Royal Bank of Canada now owns 130,218 shares of the financial services provider’s stock valued at $6,321,000 after acquiring an additional 3,039 shares during the last quarter. Finally, Citizens Business Bank purchased a new stake in First Trust California Municipal High Income ETF in the first quarter worth $5,809,000. 54.39% of the stock is currently owned by institutional investors.

First Trust California Municipal High Income ETF Trading Down 0.7%

NASDAQ:FCAL opened at $47.34 on Friday. First Trust California Municipal High Income ETF has a twelve month low of $47.31 and a twelve month high of $50.13. The company has a market cap of $213.03 million, a price-to-earnings ratio of 124.58 and a beta of 0.25. The stock has a fifty day simple moving average of $48.76 and a 200-day simple moving average of $49.18.

First Trust California Municipal High Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were paid a $0.144 dividend. The ex-dividend date of this dividend was Friday, August 21st. This represents a c) annualized dividend and a yield of 3.7%. This is a boost from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.14. First Trust California Municipal High Income ETF’s payout ratio is 439.47%.

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.