NewEdge Advisors LLC Sells 306,851 Shares of First Trust California Municipal High Income ETF $FCAL

NewEdge Advisors LLC cut its holdings in First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 97.7% during the first quarter, Holdings Channel reports. The firm owned 7,222 shares of the financial services provider’s stock after selling 306,851 shares during the quarter. NewEdge Advisors LLC’s holdings in First Trust California Municipal High Income ETF were worth $353,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FCAL. Fifth Third Bancorp purchased a new stake in First Trust California Municipal High Income ETF during the 1st quarter valued at approximately $47,000. Comerica Bank bought a new stake in shares of First Trust California Municipal High Income ETF during the third quarter valued at approximately $48,000. Arax Advisory Partners purchased a new position in shares of First Trust California Municipal High Income ETF in the fourth quarter worth $59,000. Kestra Advisory Services LLC purchased a new position in shares of First Trust California Municipal High Income ETF in the fourth quarter worth $70,000. Finally, Rossby Financial LCC bought a new position in shares of First Trust California Municipal High Income ETF during the fourth quarter worth $146,000. 54.39% of the stock is currently owned by institutional investors.

First Trust California Municipal High Income ETF Stock Performance

FCAL opened at $48.77 on Wednesday. The stock has a market capitalization of $219.47 million, a price-to-earnings ratio of 128.34 and a beta of 0.25. The company has a fifty day moving average of $49.35 and a 200 day moving average of $49.41. First Trust California Municipal High Income ETF has a fifty-two week low of $47.55 and a fifty-two week high of $50.13.

First Trust California Municipal High Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st were issued a dividend of $0.143 per share. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, July 21st. First Trust California Municipal High Income ETF’s dividend payout ratio is 436.84%.

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.