Rockefeller Capital Management L.P. Buys 46,971 Shares of First Trust California Municipal High Income ETF $FCAL

Rockefeller Capital Management L.P. increased its stake in shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 234.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,971 shares of the financial services provider’s stock after buying an additional 46,971 shares during the quarter. Rockefeller Capital Management L.P. owned about 1.61% of First Trust California Municipal High Income ETF worth $3,302,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Comerica Bank acquired a new stake in shares of First Trust California Municipal High Income ETF during the 3rd quarter worth $48,000. Arax Advisory Partners acquired a new position in First Trust California Municipal High Income ETF in the fourth quarter valued at about $59,000. Kestra Advisory Services LLC acquired a new position in First Trust California Municipal High Income ETF in the fourth quarter valued at about $70,000. Rossby Financial LCC bought a new stake in First Trust California Municipal High Income ETF during the fourth quarter worth about $146,000. Finally, Allworth Financial LP lifted its position in First Trust California Municipal High Income ETF by 118.8% during the fourth quarter. Allworth Financial LP now owns 3,020 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 1,640 shares during the period. Institutional investors own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Price Performance

FCAL stock opened at $49.60 on Monday. The company’s 50-day moving average price is $49.38 and its two-hundred day moving average price is $49.43. The firm has a market cap of $210.80 million, a P/E ratio of 130.53 and a beta of 0.26. First Trust California Municipal High Income ETF has a 12 month low of $47.35 and a 12 month high of $50.13.

First Trust California Municipal High Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be paid a $0.143 dividend. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Thursday, June 25th. First Trust California Municipal High Income ETF’s dividend payout ratio (DPR) is 434.21%.

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.