Citizens Business Bank Makes New Investment in First Trust California Municipal High Income ETF $FCAL

Citizens Business Bank acquired a new stake in First Trust California Municipal High Income ETF (NASDAQ:FCAL) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 118,812 shares of the financial services provider’s stock, valued at approximately $5,809,000. Citizens Business Bank owned 2.80% of First Trust California Municipal High Income ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FCAL. Fifth Third Bancorp purchased a new position in shares of First Trust California Municipal High Income ETF during the 1st quarter valued at approximately $47,000. Comerica Bank purchased a new stake in First Trust California Municipal High Income ETF in the 3rd quarter worth $48,000. Arax Advisory Partners purchased a new stake in First Trust California Municipal High Income ETF in the 4th quarter worth $59,000. Kestra Advisory Services LLC acquired a new position in First Trust California Municipal High Income ETF during the fourth quarter worth $70,000. Finally, Rossby Financial LCC purchased a new position in First Trust California Municipal High Income ETF during the fourth quarter valued at $146,000. 54.39% of the stock is currently owned by hedge funds and other institutional investors.

First Trust California Municipal High Income ETF Price Performance

Shares of NASDAQ FCAL opened at $49.50 on Monday. The company’s 50-day simple moving average is $49.43 and its 200-day simple moving average is $49.46. First Trust California Municipal High Income ETF has a 52-week low of $47.35 and a 52-week high of $50.13. The firm has a market cap of $222.75 million, a price-to-earnings ratio of 130.26 and a beta of 0.25.

First Trust California Municipal High Income ETF Dividend Announcement

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

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.