First Trust California Municipal High Income ETF (NASDAQ:FCAL) Stock Holdings Lifted by Citizens Business Bank

Citizens Business Bank lifted its holdings in shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 35.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 128,886 shares of the financial services provider’s stock after buying an additional 33,958 shares during the period. First Trust California Municipal High Income ETF accounts for approximately 1.2% of Citizens Business Bank’s holdings, making the stock its 27th biggest position. Citizens Business Bank owned 2.34% of First Trust California Municipal High Income ETF worth $6,363,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new position in First Trust California Municipal High Income ETF in the third quarter valued at approximately $124,000. Private Advisor Group LLC lifted its holdings in shares of First Trust California Municipal High Income ETF by 22.2% in the 4th quarter. Private Advisor Group LLC now owns 5,106 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 929 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in First Trust California Municipal High Income ETF by 5.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,368 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 268 shares during the period. Guild Investment Management Inc. bought a new position in First Trust California Municipal High Income ETF during the 4th quarter worth $296,000. Finally, Farther Finance Advisors LLC acquired a new stake in First Trust California Municipal High Income ETF in the fourth quarter worth $296,000. Institutional investors and hedge funds own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Stock Performance

Shares of FCAL opened at $48.12 on Thursday. The firm has a fifty day moving average of $48.52 and a 200-day moving average of $49.21. The company has a market cap of $269.47 million, a price-to-earnings ratio of 126.63 and a beta of 0.15. First Trust California Municipal High Income ETF has a 1 year low of $46.44 and a 1 year high of $50.54.

First Trust California Municipal High Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 22nd were paid a $0.132 dividend. The ex-dividend date was Tuesday, April 22nd. This represents a $1.58 annualized dividend and a dividend yield of 3.29%. This is a positive change from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.13. First Trust California Municipal High Income ETF’s dividend payout ratio (DPR) is presently 397.37%.

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.