First Trust California Municipal High Income ETF (NASDAQ:FCAL) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. grew its stake in First Trust California Municipal High Income ETF (NASDAQ:FCAL – Get Rating) by 10.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,647 shares of the financial services provider’s stock after purchasing an additional 1,430 shares during the period. Cambridge Investment Research Advisors Inc. owned approximately 0.67% of First Trust California Municipal High Income ETF worth $709,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Jane Street Group LLC grew its position in First Trust California Municipal High Income ETF by 256.3% in the 1st quarter. Jane Street Group LLC now owns 79,556 shares of the financial services provider’s stock valued at $4,053,000 after buying an additional 57,230 shares during the last quarter. UBS Group AG acquired a new position in shares of First Trust California Municipal High Income ETF during the second quarter worth about $40,000. Mutual Advisors LLC raised its holdings in First Trust California Municipal High Income ETF by 4.9% during the third quarter. Mutual Advisors LLC now owns 28,274 shares of the financial services provider’s stock worth $1,324,000 after purchasing an additional 1,323 shares in the last quarter. Royal Bank of Canada lifted its position in First Trust California Municipal High Income ETF by 8.1% in the third quarter. Royal Bank of Canada now owns 46,733 shares of the financial services provider’s stock valued at $2,188,000 after purchasing an additional 3,514 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in First Trust California Municipal High Income ETF in the third quarter valued at about $1,180,000. Institutional investors and hedge funds own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Trading Down 0.5 %

NASDAQ FCAL opened at $48.53 on Tuesday. The stock has a market capitalization of $118.90 million, a price-to-earnings ratio of 127.71 and a beta of 0.15. The business’s 50 day moving average is $49.32 and its two-hundred day moving average is $49.14. First Trust California Municipal High Income ETF has a 12-month low of $46.15 and a 12-month high of $49.96.

First Trust California Municipal High Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, April 28th. Investors of record on Monday, April 24th were paid a $0.112 dividend. The ex-dividend date of this dividend was Friday, April 21st. This represents a $1.34 dividend on an annualized basis and a dividend yield of 2.77%. First Trust California Municipal High Income ETF’s dividend payout ratio (DPR) is presently 326.32%.

First Trust California Municipal High Income ETF Profile

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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.