First Trust California Municipal High Income ETF (NASDAQ:FCAL) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

First Trust California Municipal High Income ETF (NASDAQ:FCAL) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $49.40 and traded as high as $49.54. First Trust California Municipal High Income ETF shares last traded at $49.48, with a volume of 12,260 shares trading hands.

First Trust California Municipal High Income ETF Trading Down 0.0%

The company has a market cap of $210.29 million, a P/E ratio of 130.21 and a beta of 0.26. The business’s 50 day simple moving average is $49.25 and its 200 day simple moving average is $49.40.

First Trust California Municipal High Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 21st were issued a $0.143 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. This is a boost from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Thursday, May 21st. First Trust California Municipal High Income ETF’s payout ratio is 431.58%.

Institutional Trading of First Trust California Municipal High Income ETF

A number of large investors have recently made changes to their positions in FCAL. LPL Financial LLC raised its holdings in shares of First Trust California Municipal High Income ETF by 2.6% in the fourth 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 in the last quarter. NewEdge Advisors LLC boosted its position in First Trust California Municipal High Income ETF by 4,304.3% in the fourth quarter. NewEdge Advisors LLC now owns 314,073 shares of the financial services provider’s stock valued at $15,486,000 after buying an additional 306,942 shares during the last quarter. Royal Bank of Canada boosted its position in First Trust California Municipal High Income ETF by 2.4% in the first quarter. Royal Bank of Canada now owns 130,218 shares of the financial services provider’s stock valued at $6,321,000 after buying an additional 3,039 shares during the last quarter. Citizens Business Bank purchased a new stake in First Trust California Municipal High Income ETF in the first quarter valued at approximately $5,809,000. Finally, Jane Street Group LLC boosted its position in First Trust California Municipal High Income ETF by 171.0% in the 2nd quarter. Jane Street Group LLC now owns 88,954 shares of the financial services provider’s stock worth $4,267,000 after purchasing an additional 56,132 shares in the last quarter. 54.39% of the stock is owned by hedge funds and other institutional investors.

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.