Clifford Swan Investment Counsel LLC Acquires 420 Shares of First Trust California Municipal High Income ETF $FCAL

Clifford Swan Investment Counsel LLC boosted its holdings in shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 3.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,345 shares of the financial services provider’s stock after acquiring an additional 420 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in First Trust California Municipal High Income ETF were worth $544,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. bought a new stake in First Trust California Municipal High Income ETF during the 1st quarter worth approximately $200,000. Cetera Investment Advisers boosted its stake in shares of First Trust California Municipal High Income ETF by 6.9% in the 1st quarter. Cetera Investment Advisers now owns 56,000 shares of the financial services provider’s stock valued at $2,718,000 after purchasing an additional 3,612 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of First Trust California Municipal High Income ETF by 6.9% in the 1st quarter. HighTower Advisors LLC now owns 22,206 shares of the financial services provider’s stock valued at $1,078,000 after purchasing an additional 1,433 shares during the last quarter. Integrity Financial Corp WA bought a new stake in shares of First Trust California Municipal High Income ETF in the 1st quarter valued at $230,000. Finally, New Insight Wealth Advisors boosted its stake in shares of First Trust California Municipal High Income ETF by 11.4% in the 1st quarter. New Insight Wealth Advisors now owns 30,202 shares of the financial services provider’s stock valued at $1,466,000 after purchasing an additional 3,100 shares during the last quarter. 54.39% of the stock is owned by institutional investors.

First Trust California Municipal High Income ETF Stock Performance

NASDAQ:FCAL opened at $49.35 on Friday. The firm’s fifty day moving average is $48.56 and its 200-day moving average is $48.11. First Trust California Municipal High Income ETF has a 52 week low of $46.44 and a 52 week high of $50.54. The firm has a market cap of $192.47 million, a P/E ratio of 129.87 and a beta of 0.15.

First Trust California Municipal High Income ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be paid a $0.135 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, October 21st. First Trust California Municipal High Income ETF’s dividend payout ratio is currently 447.37%.

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.