Towerpoint Wealth LLC Purchases 47,320 Shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL)

Towerpoint Wealth LLC boosted its position in First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 170.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,020 shares of the financial services provider’s stock after buying an additional 47,320 shares during the period. First Trust California Municipal High Income ETF makes up approximately 2.7% of Towerpoint Wealth LLC’s portfolio, making the stock its 15th biggest position. Towerpoint Wealth LLC owned approximately 6.25% of First Trust California Municipal High Income ETF worth $3,995,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. bought a new stake in First Trust California Municipal High Income ETF in the 2nd quarter valued at about $246,000. LPL Financial LLC increased its holdings in First Trust California Municipal High Income ETF by 47.0% during the 2nd quarter. LPL Financial LLC now owns 40,247 shares of the financial services provider’s stock worth $2,111,000 after purchasing an additional 12,865 shares in the last quarter. Strategic Wealth Advisors Group LLC increased its holdings in First Trust California Municipal High Income ETF by 12.6% during the 3rd quarter. Strategic Wealth Advisors Group LLC now owns 21,745 shares of the financial services provider’s stock worth $1,160,000 after purchasing an additional 2,439 shares in the last quarter. HighTower Advisors LLC increased its holdings in First Trust California Municipal High Income ETF by 29.2% during the 2nd quarter. HighTower Advisors LLC now owns 9,066 shares of the financial services provider’s stock worth $476,000 after purchasing an additional 2,051 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its holdings in First Trust California Municipal High Income ETF by 22.4% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,200 shares of the financial services provider’s stock worth $378,000 after purchasing an additional 1,320 shares in the last quarter.

FCAL traded up $0.03 during midday trading on Friday, reaching $53.00. 500 shares of the company were exchanged, compared to its average volume of 6,981. The company’s fifty day moving average price is $53.33 and its 200 day moving average price is $52.78. First Trust California Municipal High Income ETF has a one year low of $49.08 and a one year high of $54.68.

The business also recently announced a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 23rd were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.32 annualized dividend and a dividend yield of 2.49%.

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.

Further Reading: S&P 500 Index

Institutional Ownership by Quarter for First Trust California Municipal High Income ETF (NASDAQ:FCAL)

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