Towerpoint Wealth LLC Buys 47,320 Shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL)

Towerpoint Wealth LLC grew its stake in shares of First Trust California Municipal High Income ETF (NASDAQ:FCAL) by 170.8% during the third quarter, Holdings Channel reports. The institutional investor owned 75,020 shares of the financial services provider’s stock after purchasing an additional 47,320 shares during the quarter. First Trust California Municipal High Income ETF comprises 2.7% of Towerpoint Wealth LLC’s portfolio, making the stock its 15th biggest holding. Towerpoint Wealth LLC owned 0.06% of First Trust California Municipal High Income ETF worth $3,995,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in FCAL. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of First Trust California Municipal High Income ETF during the second quarter worth about $246,000. Susquehanna International Group LLP purchased a new stake in shares of First Trust California Municipal High Income ETF during the second quarter worth about $300,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of First Trust California Municipal High Income ETF by 22.4% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,200 shares of the financial services provider’s stock worth $378,000 after purchasing an additional 1,320 shares during the period. HighTower Advisors LLC boosted its holdings in shares of First Trust California Municipal High Income ETF by 29.2% during the second quarter. HighTower Advisors LLC now owns 9,066 shares of the financial services provider’s stock worth $476,000 after purchasing an additional 2,051 shares during the period. Finally, Laurel Wealth Advisors Inc. purchased a new stake in shares of First Trust California Municipal High Income ETF during the second quarter worth about $577,000.

Shares of First Trust California Municipal High Income ETF stock traded up $0.03 during trading on Friday, reaching $53.00. 500 shares of the stock were exchanged, compared to its average volume of 6,981. First Trust California Municipal High Income ETF has a 1 year low of $49.08 and a 1 year high of $54.68. The stock’s fifty day moving average is $53.33 and its 200 day moving average is $52.78.

The firm also recently announced a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 23rd were paid a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend was Tuesday, October 22nd.

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.

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Institutional Ownership by Quarter for First Trust California Municipal High Income ETF (NASDAQ:FCAL)

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