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

Shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $49.42 and traded as high as $50.09. First Trust California Municipal High Income ETF shares last traded at $49.65, with a volume of 25,007 shares traded.

First Trust California Municipal High Income ETF Trading Up 0.0%

The company has a market cap of $211.01 million, a PE ratio of 130.66 and a beta of 0.26. The firm’s 50-day simple moving average is $49.37 and its two-hundred day simple moving average is $49.42.

First Trust California Municipal High Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were paid a dividend of $0.143 per share. The ex-dividend date was Thursday, May 21st. This is an increase from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a dividend yield of 3.5%. First Trust California Municipal High Income ETF’s payout ratio is presently 431.58%.

Hedge Funds Weigh In On First Trust California Municipal High Income ETF

Several hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its holdings in shares of First Trust California Municipal High Income ETF by 1.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 19,146 shares of the financial services provider’s stock worth $944,000 after acquiring an additional 225 shares during the period. Integral Investment Advisors Inc. boosted its position in shares of First Trust California Municipal High Income ETF by 0.8% during the 1st quarter. Integral Investment Advisors Inc. now owns 32,755 shares of the financial services provider’s stock valued at $1,601,000 after acquiring an additional 250 shares during the last quarter. Kingswood Wealth Advisors LLC grew its holdings in shares of First Trust California Municipal High Income ETF by 6.7% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 5,539 shares of the financial services provider’s stock valued at $273,000 after purchasing an additional 350 shares during the period. Entruity Wealth LLC grew its holdings in shares of First Trust California Municipal High Income ETF by 1.8% in the fourth quarter. Entruity Wealth LLC now owns 21,101 shares of the financial services provider’s stock valued at $1,040,000 after purchasing an additional 366 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of First Trust California Municipal High Income ETF by 6.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,044 shares of the financial services provider’s stock valued at $298,000 after purchasing an additional 389 shares during the period. 54.39% of the stock is owned by institutional investors and hedge funds.

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.