First Trust California Municipal High Income ETF (NASDAQ:FCAL) Stock Price Passes Above 200 Day Moving Average – Here’s Why

First Trust California Municipal High Income ETF (NASDAQ:FCAL)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $49.46 and traded as high as $49.66. First Trust California Municipal High Income ETF shares last traded at $49.47, with a volume of 29,309 shares.

First Trust California Municipal High Income ETF Stock Performance

The stock has a market capitalization of $222.62 million, a price-to-earnings ratio of 130.18 and a beta of 0.25. The company has a fifty day simple moving average of $49.42 and a two-hundred day simple moving average of $49.46.

First Trust California Municipal High Income ETF Announces Dividend

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

Institutional Investors Weigh In On First Trust California Municipal High Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp acquired a new position in shares of First Trust California Municipal High Income ETF in the 1st quarter valued at approximately $47,000. Comerica Bank bought a new position in First Trust California Municipal High Income ETF in the third quarter valued at approximately $48,000. Arax Advisory Partners bought a new position in First Trust California Municipal High Income ETF in the fourth quarter valued at approximately $59,000. Kestra Advisory Services LLC bought a new position in First Trust California Municipal High Income ETF in the fourth quarter valued at approximately $70,000. Finally, Rossby Financial LCC acquired a new position in First Trust California Municipal High Income ETF during the fourth quarter valued at approximately $146,000. Institutional investors own 54.39% of the company’s stock.

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.